The gross investment in the prepared animal feeds sector in Austria has seen significant fluctuations over the years. From 2013 to 2014, there was a notable decrease of 12.7%, followed by periods of both decline and recovery, including a sharp drop in 2016 (-20.5%) and a significant rebound in 2018 with an increase of 68.58%. The sector maintained an upward trajectory with a few dips, like the -6.32% in 2019, culminating in a stable upward trend from 2020 to 2023, where investments showed an annual growth ranging from 4.81% to 36.51%. In 2023, the value stood at 91.6 million Euros.
Looking at the last five years, the compounded annual growth rate (CAGR) was 8.22%, reflecting a strong and consistent growth pattern despite the economic variances. Forecasts predict a continuous rise, with investments anticipated to reach 112.4 million Euros by 2028, supported by a forecasted 5-year CAGR of 3.25% and an overall growth rate of 17.33% over this period.
Future trends to watch for:
- Technological advancements in animal feed production that could drive efficiencies and growth.
- Regulatory changes impacting the industry standards and production methods.
- Market dynamics related to the demand for sustainable and organic animal feed options.
- Economic conditions and potential impacts on livestock farming industries worldwide.
- Supply chain developments and their influence on feed ingredient availability and cost.
