In 2023, the number of hours worked by employees in the Prepared Animal Feeds sector in Austria stood at 4.85 million hours. Over the historical period, the industry has seen an upward trend with intermittent fluctuations. The period from 2018 to 2019 marked a significant increase, peaking at a year-on-year growth rate of 18.35% in 2018, then slightly tapering off. The year 2020 witnessed a notable decline of 4.98%. From 2021 to 2023, the growth stabilized, averaging around 1.65% year-on-year. The 5-year CAGR for this period was approximately 1.14%.

Future trends to watch for include:

Further growth is anticipated, with forecasted hours worked reaching 5.23 million by 2028.
The forecasted 5-year CAGR from 2024 to 2028 is expected to be modest at 1.21%.
Potential impacts of automation and technological advancements in the sector may influence future trends.
Regulatory changes and economic conditions will remain critical factors to monitor.