From 2013 to 2023, the prepared farm animal feeds turnover in Sweden exhibited a mix of growth and declines, with a notable peak in 2014 at 775.7 million Euros followed by a downturn to a low of 517.1 million Euros in 2019. Recent data indicates a modest recovery with the 2023 turnover standing at 578.5 million Euros. The year-on-year variations fluctuated significantly, with the highest positive change in 2013 at 7.44% and the most substantial decline in 2018 at -12.68%. The most recent five-year CAGR (up to 2023) is 1.29%, indicating slight growth. Looking forward, forecasts suggest a conservative growth pattern with a five-year CAGR of 0.42%, projecting the turnover to reach 596.1 million Euros by 2028.
Future trends to watch for:
- Innovations in feed formulations and sustainable practices.
- Impact of regulations and environmental policies on farming operations.
- Shifts in consumer preferences towards ethical and organic farming products.
- Economic factors influencing feed prices and farm operations.
