The turnover for prepared farm animal feeds in Austria exhibited considerable growth, particularly between 2013 and 2023, with a notable value in 2023 standing at 1040 million Euros. Key periods from this historical dataset reveal fluctuations, including significant spikes in 2017 and 2018, corresponding to annual growth rates of 6.05% and 18.79%, respectively. This upward trend maintained momentum into 2023, averaging an annual growth rate of 6.12% over the last five years.
From 2024 onward, forecasts predict a steady increase, which indicates cautious optimism. By 2028, the turnover is projected to reach 1210 million Euros, entailing a moderate 5-year CAGR of 2.41%, reflecting a potential decrease in growth velocity when compared to previous years.
Future trends to watch for:
- Technological advancements in feed formulation impacting production and efficiency.
- Shifts in market demand driven by changes in livestock farming practices.
- Impact of regulatory changes and sustainability initiatives on the industry.
- Potential disruptions due to economic fluctuations or environmental factors.
