In 2023, the number of persons employed in Germany's prepared animal feeds sector was around 26 thousand. The forecast from 2024 to 2028 shows a steady increase from 26.95 thousand to 30.31 thousand employees, suggesting a growth trend. Year-on-year, the employment growth rates are approximately 3.2% from 2024 to 2025, 3.02% from 2025 to 2026, 2.94% from 2026 to 2027, and 2.81% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is projected at 3.06%, indicating sustainable growth in the sector.
Future trends to watch for:
- Technological advancements in production processes potentially impacting employment structures.
- Regulatory changes in animal feed standards affecting industry growth and employment.
- Shifts in global demand for animal feed and its effect on German production capacity and workforce.