The turnover in the prepared animal feeds sector in Germany demonstrates a steady upward trend from 2024 to 2028, starting from 12.79 billion Euros in 2024 and reaching 13.7 billion Euros in 2028. This represents an average compounded annual growth rate (CAGR) of approximately 1.76% over five years. Compared to 2023, this marks a continued slight growth in the sector, indicating a stable market expansion.
Future trends to watch for in the prepared animal feeds sector include:
- Increased demand for specialty and premium feeds as pet ownership continues to rise.
- Growing focus on sustainable and environmentally friendly feed production.
- Advancements in feed technology improving nutritional value and cost-efficiency.