The number of processors of organic animal feeds in the UK has shown a fluctuating trend from 2013 to 2023. The actual data reveal periods of growth and decline, with notable drops in 2016 and 2020. Despite these fluctuations, the overall trend has been upward, reaching 70 enterprises by 2023, exhibiting an average annual growth (CAGR) of 3.13% over the last five years.
Looking ahead, forecast data suggest continued growth, with the sector reaching 77 enterprises by 2028. The projected five-year compound annual growth rate (CAGR) stands at 1.35%, mirroring a steady increase.
Future trends to watch for:
- Technological advancements in organic feed production.
- Changing consumer preferences towards organic products.
- Potential regulatory changes affecting the organic feed industry.
- Impact of global trade dynamics on the UK’s organic feed market.
