In 2023, the turnover in France's prepared animal feeds sector was slightly above 10.63 billion euros. Forecasted data from 2024 to 2028 indicate a gradual decrease, with turnover declining from 10.63 billion euros in 2024 to 10.33 billion euros in 2028. The year-on-year percentage variations show a continuous slight downward trend, influenced by market saturation and increased competition. A notable compound annual growth rate (CAGR) reflects this consistent decrease over the five-year period.
Future trends to watch include:
- Increased demand for specialized feeds for specific animal needs.
- Innovation in sustainable and eco-friendly feeding solutions.
- Potential impact of regulatory changes within the agricultural sector.
- Influence of global trade dynamics on raw materials availability and pricing.
