The projected labour cost per employee FTE for prepared farm animal feeds in the UK is anticipated to gradually increase from 47.7 thousand euros in 2024 to 48.8 thousand euros by 2028. In 2023, the labour cost per employee stood slightly lower than the forecasted values for 2024. Year-on-year increases are modest, averaging around 0.4% annually over the forecast period from 2024 to 2028, reflecting a steady upward trend. These projections indicate a consistent but moderate rise in labour costs within this sector.
Future trends to watch include potential impacts from policy changes, economic conditions affecting labour markets, and technological advancements that could alter workforce needs or efficiency in feed production processes. Monitoring these factors will be essential for businesses planning their strategic operational adjustments and cost management practices.
