The employment in the UK Prepared Animal Feeds sector has shown mixed trends from 2013 to 2023, starting at 13.92 thousand FTEs and reaching 15.38 thousand FTEs. Notable fluctuations include a significant growth of 17.67% in 2017 and a decline of 8.3% in 2018. Over the last two years, employment grew by approximately 0.91% year-on-year. The five-year CAGR from 2019 to 2023 stands at 1.34%. Forecasts suggest continued moderate growth with an average yearly increase of around 0.66%, reaching 16.04 thousand FTEs by 2028.
Future Trends to Watch For:
- Impact of technological advancements on employment levels
- Changes in consumer demand and preferences
- Regulatory developments affecting the sector
- Global economic conditions influencing market dynamics
