The value added of animal food manufacturing in Canada demonstrated fluctuations over the past decade, with notable increases in certain years like 2014 (+28.62%) and 2019 (+18.22%), while facing declines in 2016 (-6.63%) and 2017 (-3.95%). As of 2023, the industry stood at 2.4845 billion CAD. The compound annual growth rate (CAGR) over the past five years was approximately 8.39%, reflecting a robust upward trend. The projected CAGR for the next five years (2024-2028) stands at 3.44%, indicating a steady growth trajectory expected to accumulate a total growth rate of 18.41% by 2028.

Future trends to watch for include:

Advancements in animal nutrition and feed technology.
Increased adoption of precision feeding techniques.
Impact of regulatory changes and sustainability initiatives.
Potential market disruptions due to global trade dynamics and supply chain issues.