The sold production of farm animal feed premixtures in Austria has experienced varying trends over the years, with notable fluctuations. From 2013 to 2016, the market saw a declining trend. However, starting 2017, there was a rebound with steady growth, peaking significantly from 2021 onwards. As of 2023, the market was valued at 451.24 Million Euros. Compared to 2022, this reflects a 4.08% year-on-year increase, continuing the positive momentum from the previous year’s 4.27% growth. The 5-year CAGR (Compound Annual Growth Rate) leading up to 2023 was 3.2%, indicating a stable and upward trend.
Future trends to watch for:
- The forecasted values up to 2028 suggest continuous growth in the industry, with an estimated 2.76% 5-year CAGR and an overall growth rate of 14.57% over the forecast period.
- Factors driving this growth may include increased demand for high-quality feed, advancements in agricultural technology, and the overall growth of the livestock sector.
- It will be essential to monitor global feed ingredient prices, regulations, and innovations in feed formulations to gauge their impact on the market.
