In 2023, the prepared farm animal feeds turnover in France was recorded at an estimated 6.10 billion euros. Forecasted data indicates a consistent downward trend from 2024 through 2028, with values projected to decline from 5.78 billion euros in 2024 to 4.78 billion euros by 2028. This represents an average annual decrease in turnover, displaying a significant contraction in the market over the five-year period. The compound annual growth rate reflects a negative outlook, underscoring an expectation of shrinking demand or supply side challenges in the sector.
Future trends to watch for include:
- Potential shifts in government policies affecting agricultural and livestock industries.
- Innovation in animal nutrition, potentially altering feed composition and consumption patterns.
- Market responses to sustainability trends and impacts on feed ingredient sourcing.