Gross investment in the UK prepared animal feeds sector experienced significant fluctuations between 2013 and 2023. Key points include a high growth period in 2014 (65.45%) and notable declines in 2015 (-16.95%) and 2017 (-10.74%). Despite these variances, the sector saw consistent growth from 2018 onwards, with a steady increase peaking at 245.2 million pounds sterling in 2023. The period 2018 to 2023 had an annual average growth rate (CAGR) of 8.21%, showcasing robust performance.
Future trends indicate a moderate yet steady growth forecast with a 5-year CAGR of 2.62%, leading to an anticipated 13.79% increase in gross investment by 2028. Key trends to monitor include technological advancements in animal nutrition, increasing demand for pet foods, and the impact of regulatory changes on the market dynamics.
