Employment in the Prepared Animal Feeds sector in Spain has shown a consistent upward trend over the past decade, with a notable increase starting from 2016. As of 2023, employment in this sector was recorded at 17.8 thousand Full-Time Equivalents (FTE). Over the last two years, the annual growth rate was approximately 5%, with the sector witnessing a steady Compound Annual Growth Rate (CAGR) of around 5.77% in the last five years. This marks a robust recovery from the earlier stagnant or declining employment trend observed between 2013 to 2015.
Looking ahead, the forecast data suggests continued growth in employment within this sector. By 2028, employment is expected to reach 21.86 thousand FTE. The forecasted five-year CAGR is projected at 3.25%, indicating a deceleration compared to the previous period but still reflecting healthy growth. The sector is anticipated to grow by approximately 17.35% over the next five years.
- Future trends to watch for include advancements in feed technology, shifts in regulatory policies, and the impact of sustainable and eco-friendly feed production practices. Furthermore, market dynamics related to global feed demand and local livestock production trends will also play crucial roles in shaping employment in this sector.
