The UK market for preparations for animal feeds, excluding dog or cat food, is forecasted to grow steadily from 2024 to 2028. In 2023, the volume stood at approximately 16.1 billion kilograms. The forecasted data show a gradual increase each year: 16.162 billion kg in 2024, reaching 16.381 billion kg by 2028. The annual growth rate is modest, with the CAGR reflecting a steady, yet slow, rise in demand over this period.
Future Trends to Watch For:
- Potential impact of sustainable and alternative feed ingredients.
- Influence of regulatory changes on feed formulations.
- Technological advancements in feed production.
- Economic factors affecting agricultural sectors.
