The number of employees in Turkey's prepared animal feeds sector has shown fluctuating growth patterns over the past decade. In 2023, the sector employed approximately 14.83 thousand people, reflecting a steady increase since 2019 after a slight dip in previous years. Over the last two years, the year-on-year growth rates were 1.82% in 2022 and 1.71% in 2023. The five-year compound annual growth rate (CAGR) ending in 2023 stands at 1.79%, indicating moderate but consistent growth.
Looking ahead, forecasted data suggests a continued upward trend, with the employee number projected to reach 15.9 thousand by 2028. The forecasted five-year CAGR is 1.08%, with an overall growth rate of 5.54% for this period.
**Future trends to watch for:**
- Technological advancements in feed production which might impact labor demand.
- Economic conditions influencing the agricultural sector, potentially affecting employment rates.
- Government policies and subsidies aimed at the agriculture and animal feed industries.
- Environmental and sustainability regulations that might necessitate operational changes.