The production value of prepared animal feeds in Germany saw fluctuating yearly growth rates between 2013 and 2023. In 2023, it reached 10.73 billion Euros. Notable annual variations include declines in 2016 and 2020, contrasted with significant growth in 2017. The compound annual growth rate (CAGR) for the last five years leading up to 2023 was approximately 0.99%, indicating modest expansion.
Looking ahead, forecasts predict a consistent upward trajectory with an annual growth rate around 1.65% and total growth of 8.55% over the next five years. By 2028, the production value is expected to reach 11.91 billion Euros.
Future trends to watch for include:
- Shifts in consumer preferences toward sustainable and organic animal feeds.
- Technological advancements and innovations in feed production.
- Impact of regulatory changes on feed industry standards and imports.
- Fluctuations in raw material prices and their effects on production costs.
