The prepared animal feeds sector in Brazil is poised for steady growth, with production forecasted to rise from 15.48 billion Brazilian Reals in 2024 to 16.87 billion in 2028. This indicates a year-on-year increase of around 2-3% over these years. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 2.15%, reflecting consistent expansion. In 2023, production stood slightly below the 2024 forecast, marking an upward trend in the industry.
Future trends to watch for include:
- Increased global demand for Brazilian agricultural products.
- Technological advancements in feed production.
- Environmental sustainability practices influencing production methods.
