The turnover for prepared farm animal feeds in Italy has seen fluctuations between 2013 and 2023, with the value standing at 4.54 billion Euros in 2023. Over the past decade, the market has experienced both growth and declines, highlighted by a significant drop of 7.39% year-on-year in 2014, and a notable increase of 10.92% in 2013. The most recent actual data show a consistent decline in value from 2021 to 2023, with a year-on-year decrease of 0.4% in both years.
Forecasts from 2024 onwards predict a continued gradual decline, reaching 4.45 billion Euros by 2028. The expected Compound Annual Growth Rate (CAGR) for the forecast period is -0.31%, indicating a slow future drop.
Future trends to watch for:
- Shifts in agricultural practices impacting feed demand.
- Economic factors affecting production costs.
- Technological advancements in feed production.
- Environmental and regulatory changes influencing industry standards.
