The sold production of farm animal feed premixtures in the UK was valued at 892.4 million euros in 2023. The sector has shown an overall upward trend from 2013 to 2023, despite some fluctuations. Notable drops occurred in 2014 (-5.48%) and 2019 (-13.12%). However, significant gains were also seen, such as in 2018 (+18.48%) and 2016 (+14.8%). Over the last five years, the compound annual growth rate (CAGR) averaged at approximately 0.12%, an indication of minimal growth in this period.
Year-on-year growth for the last two years amounted to 2.59% in 2022 and 2.47% in 2023. Projections anticipate steady increases, reaching 994.62 million euros by 2028. The forecasted five-year CAGR stands at 1.73%, reflecting moderate but consistent growth.
Future trends to watch for:
• Technological advancements in animal nutrition
• Changes in consumer preferences for organic and specialized feed
• Impact of regulatory changes on feed production
• Influence of economic factors such as inflation and feed ingredient costs
• Sustainability initiatives and environmental impact considerations
