The prepared animal feeds turnover in Italy has shown fluctuating trends from 2013 to the present. In 2023, the value stood at 5.42 billion Euros. The market showed a modest decline in 2014, followed by relative stability with minor fluctuations over the years. A notable increase occurred in 2020; however, the market again faced slight declines and stagnation in the subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years slightly dipped, averaging around -0.07% in the forecasted period until 2028.
Future trends to watch include potential impacts from rising raw material costs, changes in agricultural policies, and evolving consumer preferences towards sustainable and organic animal feed products. The market may also be influenced by technological advancements and innovations in feed production aimed at improving efficiency and sustainability.
