Prepared animal feeds production in Sweden has seen a significant decline over the past decade, with the value decreasing from 794.9 million Euros in 2013 to 326.7 million Euros in 2023. This represents a negative average annual growth rate (CAGR) of -6.31% over the five years leading up to 2023. The year-on-year decline from 2022 to 2023 was -6.23%, continuing the downward trend observed in recent years.
Future forecasted data suggests that this decline is expected to persist, with a projected value of 220.3 million Euros in 2028. This indicates a further reduction, following a negative CAGR of -6.31% over the next five years and an overall growth rate of -27.82% for the period.
Future trends to watch for include:
- Potential impacts of changing regulatory environments and economic conditions on feed production.
- Shifts in market demand for various types of animal feed driven by changes in agricultural practices and consumer preferences.
- Technological advancements that may affect production efficiencies and cost structures within the industry.
- Environmental and sustainability considerations increasingly influencing production and sourcing decisions.
