The production value of prepared animal feeds in France is projected to decline steadily from 2024 to 2028, starting at 8.02 billion Euros in 2024 and decreasing to 7.64 billion Euros by 2028. This represents a year-on-year decrease, with an estimated compound annual growth rate (CAGR) showing a consistent negative trend. In 2023, the actual production value stood above these forecasted figures, underscoring a downward shift in the market.
Future trends to watch for:
- Potential economic impacts on livestock farming and feed demand.
- Technological advancements in feed production enhancing efficiency.
- Environmental regulations influencing production practices and costs.
