In 2023, the sold production of animal feed preparations in Finland stood at 2.1 billion kilograms. The forecasted data reveals a consistent upward trend for the forthcoming years. Specifically, production is anticipated to rise to 2.2141 billion kilograms in 2024, followed by progressive increments to 2.6826 billion kilograms by 2028. This projection highlights a strengthened market demand and an expectancy of increased production capabilities.
Year-on-year variations indicate a steady growth pattern:- 2024: +5.4% - 2025: +5.4%- 2026: +5.0%- 2027: +4.8%- 2028: +4.5%.
The compound annual growth rate (CAGR) over the next five years is expected to be 4.8%, reflecting a robust and sustained expansion in the sector.
Future trends to watch for include advancements in feed technology, increasing focus on sustainable and eco-friendly production methods, and potential market expansions driven by rising global demand for animal protein.