Between 2013 and 2023, the number of employees in Denmark's prepared animal feeds sector steadily declined from around 3.69 thousand to 2.43 thousand. The most significant drop occurred in 2016, with a sharp decrease of 25.97%. Over the five-year period leading up to 2023, the sector experienced an average annual reduction of 1.8% (CAGR). Yearly declines marked most years, with slight positive growth only in 2015 and 2019.
Looking ahead, the downward trend is expected to continue. Forecast data suggests that by 2028, the number of employees will further decrease, with an anticipated five-year CAGR of -1.91%, translating into a 9.19% total reduction by 2028.
Future trends to watch for include advancements in automation and technological integration which could result in further workforce reductions, and potential shifts in industry dynamics due to environmental policies or evolving market demands.