The Prepared Animal Feeds sector in Austria showed steady growth from 2013 to 2023, with the number of employees reaching 3.34 thousand in 2023. Year-on-year growth rates varied, peaking at 21.22% in 2018 and maintaining positive momentum in subsequent years, though at a slower pace. The last two years saw increases of 4.04% in 2022 and 3.79% in 2023.
Since 2019, the compound annual growth rate (CAGR) has averaged 4.19%. Moving forward, forecasts indicate continued growth at a CAGR of 2.53% from 2024 to 2028, with the number of employees expected to reach 3.92 thousand by 2028, reflecting a 13.3% increase from 2023.
Future trends to watch for include technological advancements in feed production, changes in regulatory environments, and the impact of sustainability initiatives on employment dynamics within the sector. These factors are likely to influence growth trajectories and operational efficiencies.