In 2023, the actual sold production of farm animal feed premixtures in Norway stood at 2.0641 billion kilograms. For 2024, the forecast indicates a marginal reduction to 2.0338 billion kilograms, showing a year-on-year decrease of approximately 1.48%. By 2025, the value is expected to decrease further to 2.0038 billion kilograms, marking a decrease of 1.48% from 2024. The trend continues with a decline to 1.9742 billion kilograms in 2026 (a 1.48% reduction from 2025), 1.9448 billion kilograms in 2027 (down 1.49% from 2026), and reaching 1.9157 billion kilograms in 2028, a 1.50% decrease from the previous year. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a decline of approximately 1.45% per year.
Future trends to watch for:
• Potential impacts of new agricultural policies and regulations.
• Technological advancements in feed efficiency and production.
• Market demand fluctuations due to changes in livestock farming practices.
• Environmental considerations and sustainability factors influencing production volumes.
