The turnover in the prepared animal feeds sector in Austria has shown a steady increase from €1.09 billion in 2013 to €1.62 billion in 2023, representing a notable rise over the last decade. The year-on-year variation highlights smaller yet consistent growth patterns, especially from 2017 onwards, with noteworthy CAGR values. From 2019 to 2023, the sector saw growth rates stabilize around 2.89% to 2.67%.

The forecasted data from 2024 to 2028 indicates a continued upward trend, with a predicted turnover reaching €1.82 billion in 2028. This period projects a 5-year CAGR of 1.87%, reflecting a moderate yet positive growth trajectory.

Future trends to watch for:

Increasing demand for premium and specialized pet foods.
Growing awareness and inclination towards sustainable and organic animal feed options.
Technological advancements in feed production contributing to efficiency and innovation in the sector.