Forecast: Employment in Prepared Animal Feeds Sector in Italy

The employment in the prepared animal feeds sector in Italy has shown fluctuation from 2013 to 2023, standing at 6.14 thousand Full-Time Equivalents (FTEs) in 2023. Trends indicate periods of growth such as a 7.78% increase in 2020, accompanied by declines like a 4.4% decrease in 2021. Over the last two years, the year-on-year variations were minor at -0.37% for both 2022 and 2023. The Compound Annual Growth Rate (CAGR) for the last five years has been approximately 0.73%.

Looking ahead, employment is expected to decrease slightly from 2024 to 2028, with the forecasted 5-year CAGR at -0.27%. Key points for the future:

  • Continued minor decline in employment with a decrease of about 1.34% by 2028.
  • Potential for further automation and efficiency improvements influencing labor demand.
  • Emerging trends in animal nutrition and sustainability that could reshape job roles and sector needs.

Top Countries about Animal Feed