As of 2023, the Prepared Animal Feeds sector in Brazil employed approximately 20.05 thousand individuals. Forecasted data indicates a declining trend in the number of employees from 2024 to 2028, with a 0.63% decrease in 2024, reaching 19.79 thousand. This trend continues with a steady decrease each year, culminating with an estimated 18.75 thousand employees in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -1.30%, reflecting an average annual decrease in the workforce.
Future trends to watch for:
- Increased automation and technological advancements could influence employment numbers, requiring shifts in workforce skills.
- Market demand for feed, influenced by the livestock industry, may affect employment stability.
- Potential regulatory changes impacting production and labor in the sector.