In 2023, the turnover for prepared farm animal feeds in Germany stood at 8.76 billion euros. From 2024 to 2028, the sector is forecasted to grow steadily, with the turnover increasing from 8.9 billion euros in 2024 to 9.45 billion euros in 2028. The year-on-year variations are as follows:
- 2024: 1.6%
- 2025: 1.6%
- 2026: 1.6%
- 2027: 1.5%
- 2028: 1.4%
Analyzing the compound annual growth rate (CAGR) over these five years, the average annual increase in turnover is 1.54%.
Future trends to watch for include technological advancements in feed production, increased demand for high-quality animal products, and potential regulatory changes regarding feed ingredients and sustainability practices. These factors could significantly influence the market dynamics and growth trajectory.
