The employment forecast in Brazil's prepared animal feeds sector shows a decreasing trend annually from 2024, beginning at 20.55 thousand employees and declining to 19.52 thousand by 2028. In 2023, actual employment stood at approximately 20.81 thousand. The year-on-year changes indicate a decline in employment, with a notable drop each year. Over the five-year period, the compound annual growth rate (CAGR) depicts an average annual decrease of approximately 1.26%.
Future trends to watch:
- Technological advancements reducing labor dependency.
- Shifts in agricultural or animal husbandry practices influencing feed sector size.
- Economic factors affecting sector investment and workforce size.