In 2023, the production value of prepared farm animal feeds in Norway was 3.69 billion Euros. Forecasted data indicates a steady year-on-year increase in value from 2024 to 2028. The projections for the coming years show the following yearly growth rates: a 3.25% increase from 2024 to 2025, 3.06% from 2025 to 2026, 2.96% from 2026 to 2027, and 2.88% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years (2024-2028) is approximately 3.03%.
Future trends to watch for in the prepared farm animal feeds sector include advancements in feed technology, an increase in demand for high-quality and nutritionally balanced feeds, and growing concerns about sustainable and eco-friendly farming practices. These factors are likely to influence production methods and market value in the coming years.
