From 2013 to 2023, the sold production of farm animal feed premixtures in Sweden showed fluctuations with an overall positive trend. Notable variations included a significant increase in 2017 with a 19.81% year-on-year rise, followed by a drop in 2019 by 0.87%. The years 2020 to 2023 saw smaller, yet consistent, growth with 2023 standing at 20.009 million kilograms. The compound annual growth rate (CAGR) from 2018 to 2023 was 1.92%.
Future trends to watch for include:
- Moderate growth with a forecasted CAGR of 0.9% from 2024 to 2028.
- Continuing slight year-on-year increases, with a projected annual growth rate of 4.57% by 2028.
- Potential impacts of market changes, such as innovations in feed technology and evolving regulations related to farm animal nutrition.