The forecast for cattle production value in Italy from 2024 to 2028 remains steady at 3.65 billion euros annually. As of 2023, the value stood at 3.65 billion euros, indicating no projected year-on-year variation or growth over the forecasted period. This suggests a stable industry with no immediate fluctuations expected. Over a longer-term period, given the consistent forecast from 2024 onwards, there is an absence of cumulative annual growth rate (CAGR) change, reflecting zero growth prospects.
Future trends to watch include:
- Potential impacts of policy changes in the agricultural sector, especially concerning sustainability and animal welfare.
- Evolving consumer preferences towards plant-based diets which might affect demand.
- Technological advancements in farming practices that could influence efficiency and production costs.