The turnover of Prepared Animal Feeds in Finland shows a significant downturn from 2013 to 2020, dropping from 686.5 million Euros to 426.0 million Euros, reflecting an overall negative trend. However, the market has been gradually recovering since 2021, with a notable year-on-year growth variation of 3.52% in 2023, bringing the turnover to 503.1 million Euros. The Compound Annual Growth Rate (CAGR) over the last five years indicates a slight positive trend at 1.27%. Forecasts anticipate continued moderate growth, with a CAGR of 0.4% and overall growth of 2.01% by 2028.
Future trends to watch for include potential impacts of regulatory changes, innovation in feed technology, shifts in consumer preferences towards sustainable and organic options, and broader economic conditions affecting livestock farming practices in Finland.