In analyzing the turnover of the prepared animal feeds sector in the Netherlands from 2013 to 2023, the market has demonstrated steady growth overall, rising from €8.43 billion in 2013 to €10.12 billion in 2023. The sector saw notable peaks and troughs, with the highest year-on-year increase of 10.28% in 2020 and a decline of 8.4% in 2014. The CAGR over the last five years (2019-2023) was 3.23%, indicating consistent growth.
Regarding future trends from 2024 onward, the market is forecasted to continue its upward trajectory, albeit at a slightly slower pace, with a forecasted 5-year CAGR of 1.62% and an overall growth rate of 8.38% by 2028. As we stand in 2024, with the turnover at €10.35 billion, the long-term outlook for the sector points to moderate growth fueled by factors such as innovation in feed production and increasing demand for quality animal nutrition.
