Over the past decade, the production in the prepared animal feeds sector in France has shown significant fluctuations. Between 2013 and 2014, the sector experienced a modest growth, followed by a decline in 2015 and a more substantial drop in 2016. The steepest decline occurred in 2017 with a 31.59% decrease. After hitting a low in 2017, the market displayed modest growth until 2020 before stabilizing. Production values ranged from €7.45 billion in 2019 to €8.32 billion in 2021, settling at €8.12 billion in 2023, a 1.23% decrease from the previous year. The 5-year CAGR leading up to 2023 reflects a slight positive trend of 2.03% per year.
Future projections for the sector indicate a steady decline in production values, with forecasts predicting it will drop to €7.64 billion by 2028, translating to a negative 5-year CAGR of -0.97%. This conservative outlook suggests a gradual decrease in the sector's economic contribution, aligning with broader market pressures and potential shifts in consumer demand and industry regulations.
Trends to watch for in this sector include:
- Technological advancements in feed production aimed at increasing efficiency and reducing costs.
- The impact of regulatory changes related to animal welfare and environmental sustainability on production practices.
- Evolving consumer preferences towards more natural and organic feed options.
- Potential disruptions in supply chains due to geopolitical issues or economic downturns.
- Global trends in livestock and poultry farming practices, which will significantly influence feed demand.
