The prepared animal feeds sector in Brazil has shown a consistent upward trend in remuneration, with forecasted values reaching 1.7 billion Brazilian Reals by 2028. In 2023, the sector stood at 1.51 billion Brazilian Reals. The forecasted year-on-year growth from 2024 to 2028 is steady, showing a percentage increase of approximately 2.58% annually on average, which reveals resilience and growth in this sector.
Future trends to watch for include:
- Impact of economic conditions on feed ingredient costs.
- Regulatory changes affecting production costs and pricing.
- Technological advancements in feed production and their adoption rate.
- Changing dietary preferences impacting demand for different feed types.
