In 2023, the per capita market size for preparations for animal feeds (excluding dog or cat food) in Italy was approximately 120 Euros. Forecast data for 2024 through 2028 indicates a stable trend with slight annual increases. The year-on-year percentage growth is minimal, ranging from 0.21% to 0.13%, indicating a steady but slow growth path. The compound annual growth rate (CAGR) from 2023 to 2028 is very low, reflecting a mature market.
Future trends to watch for:
- Potential changes in agricultural policies impacting feed production.
- Technological advancements in feed efficiency and nutritional composition.
- Shifts in livestock farming practices and related demands.
- Environmental regulations and sustainability considerations affecting feed ingredients.
