The number of processors of organic animal feeds in Finland showed fluctuations over the past decade but saw a steady growth trend entering 2023, reaching 36 enterprises. Year-on-year variations included notable shifts, such as a significant increase of 46.67% in 2014, followed by declines of 27.27% in 2015 and 11.43% in 2020. However, the growth stabilized, leading to an average annual growth rate (CAGR) of 1.15% over the last five years.
Looking ahead, the forecast remains stable with a consistent number of 36 enterprises from 2024 to 2028, indicating market saturation and no expected growth. The 5-year CAGR projection holds steady at 0%, reflecting a mature market with stable demand.
Future trends to watch for:
- Technological advancements in feed processing
- Changing regulations and organic certification standards
- Market consolidation and potential mergers
- Fluctuations in organic feed demand driven by consumer preferences.