In 2023, the hours worked in the prepared animal feeds sector in Italy reached an actual value of 11.668 million hours. From 2024 onwards, a forecasted decline is observed with values dropping from 11.543 million hours in 2024 to 11.051 million hours by 2028. This represents a steady year-on-year decrease, averaging a compound annual growth rate (CAGR) of -1.12% over the five-year period. The sector shows a consistent downward trend, suggesting possible efficiency improvements or reduced demand.
Future trends to watch for include:
- The impact of automation and technological advancements on labor requirements.
- Changes in industry demand due to shifting consumer preferences towards plant-based diets.
- Regulatory and environmental policies that could affect production processes and labor needs.