The Prepared Animal Feeds sector in Italy saw fluctuations in the number of employees from 2013 to 2023, with a decline in 2014 (-2.39%) and 2018 (-5.04%), yet notable increases in years like 2016 (3.88%) and 2020 (3.98%). By 2023, the sector employed 6.86 thousand people, reflecting a minor decline from the previous year (-0.48%). Over the last five years, the average annual growth rate (CAGR) was a modest 0.49%.
For the future, forecasts from 2024 to 2028 suggest a slight decreasing trend in employment with a projected CAGR of -0.38%, leading to a total forecasted decline of roughly 1.88% over the five years.
Future trends to watch for include:
- Automation and technological advancements impacting employment.- Potential growth in specialty feed segments driving specific skill demand.- Economic factors like raw material prices and trade policies affecting sector dynamics.