In 2023, the actual production of animal feed preparations in France was 20.52 billion kilograms. The forecast from 2024 to 2028 shows a slight decline in production, starting at 20.44 billion kilograms in 2024 and decreasing to 20.22 billion kilograms by 2028. This represents a compound annual growth rate (CAGR) of approximately -0.3% over this period. The consistent year-on-year drop indicates a potential decrease in demand or adjustments in the production capacity.
Future trends to watch:
- Increasing demand for sustainable and eco-friendly animal feeds may influence both production and product innovation.
- Technological advancements and automation in production processes could impact efficiencies and alter production scales.
- Regulatory changes in France or at the EU level impacting feed composition and production practices might reshape the market dynamics.