In 2023, Spain led the European prepared animal feeds production value with a significant share, followed by Germany and the Netherlands. Spain's production value increased by 2.95% year-on-year, reflecting a strong market. Comparatively, countries like Denmark and Finland showed notable declines at -4.15% and -6.21%, respectively. Hungary and Romania, with considerable increases of 4.9% and 4.57%, indicate emerging growth markets. The high CAGR in smaller markets like Lithuania and Slovakia suggests robust growth potential.
Looking forward, key trends to monitor include:
- The impact of sustainable and organic feed demand, especially in Western Europe.
- Economic and regulatory influences on production costs and supply chains.
- The role of advancements in feed technology and nutritional content.
Top countries in Prepared Animal Feeds Production Value Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 18.56 | 2023 | +3.02% | +2.95% | View data |
| 2 | 2 Germany | 12.96 | 2023 | +2.31% | +0.99% | View data |
| 3 | 3 Netherlands | 11.57 | 2023 | +2.58% | +3.36% | View data |
| 4 | 4 France | 9.84 | 2023 | -1.23% | +2.03% | View data |
| 5 | 5 United Kingdom | 8.14 | 2023 | +0.18% | +0.29% | View data |
| 6 | 6 Poland | 6.32 | 2023 | +3.56% | +1.5% | View data |
| 7 | 7 Italy | 6.21 | 2023 | -0.012% | +0.11% | View data |
| 8 | 8 Belgium | 4.64 | 2023 | +0.71% | +0.7% | View data |
| 9 | 9 Norway | 4.45 | 2023 | +2.94% | +3.49% | View data |
| 10 | 10 Denmark | 2.46 | 2023 | +0.58% | -4.15% | View data |
