Forecast: Animal Production in Italy

From 2013 to 2023, animal production in Italy has seen various fluctuations, with values oscillating between a low of 8.92 billion Euros in 2020 and a high of 11.79 billion Euros in 2023. The year-on-year variations indicate notable dips, such as the significant 4.98% drop in 2020, followed by an impressive recovery with a 21.59% increase in 2022. The CAGR over the last 5 years reveals a steady average annual growth rate of 4.42%, highlighting an overall positive trend despite occasional downturns.

Looking ahead to the forecasted period from 2024 to 2028, animal production is anticipated to grow modestly with a 5-year CAGR of 0.66% and an overall 5-year growth rate of 3.32%. This suggests a more stable yet slower growth trajectory in the near future.

Future trends to watch for:

• Potential impact of environmental regulations on production methods.
• Technological innovations driving efficiencies in animal farming.
• Shifts in consumer preferences towards sustainable and organic products.