The sold production of animal feed preparations in Finland showed fluctuations between 2015 and 2023. In 2023, the value stood at 633.47 Million Euros. Notable year-on-year variations include a dip of -5.91% in 2020, followed by an upsurge of 8.05% in 2021 and steady increases of 5.25% in 2022 and 5% in 2023. The compound annual growth rate (CAGR) over the last five years (2019-2023) is approximately 2.29%, indicating moderate growth despite some volatility.
Looking ahead, the forecasted data reflects an optimistic outlook with a projected CAGR of 3.29% over the next five years. By 2028, the value of sold production is expected to reach 779.81 Million Euros, manifesting a growth rate of 17.56% from 2023 levels.
Future trends to watch for include advancements in feed technology, growing demand for sustainable and organic animal feed, and the impact of regulatory changes in EU agricultural policies. Additionally, market dynamics like raw material costs and the ongoing global trade landscape may influence production outputs and profitability.