The sold production of animal feed preparations in Denmark exhibited some fluctuations from 2013 to 2023. Over this period, the production volume showed a general increasing trend with notable variations such as a 12.87% year-on-year growth in 2022. By 2023, the production stood at 5.8399 billion kilograms, 1.27% up from 2022. Looking back, the average annual growth rate (CAGR) over the last five years was 2.21%, reflecting steady growth despite some downturns.
Going forward, the forecast indicates a continued positive trend, with an anticipated average annual growth rate (CAGR) of 0.94% from 2024 to 2028. By 2028, the production volume is expected to reach 6.1941 billion kilograms, marking a total growth of 4.77% over the five-year forecast period.
Future trends to watch for include:
- Technological advancements in feed production.
- Climate change impacts on raw material availability.
- Regulatory changes impacting feed compositions.
- Shifts in consumer preferences and demand for sustainable animal farming practices.
