The prepared animal feeds turnover in Germany showed notable fluctuations over the years between 2013 and 2023. Starting at €11.62 billion in 2013, there were minor increases and decreases, peaking at €12.74 billion in 2019 before a notable drop in 2020. However, the market rebounded with steady growth leading to €12.56 billion in 2023. The year-on-year growth turned negative during economic downturns such as in 2015 and 2020 but generally exhibited positive growth rates in other years, reflecting resilience in the market. The compound annual growth rate (CAGR) over the last five years up to 2023 remained relatively flat at -0.13%.
Looking ahead to 2024-2028, forecasts predict a steady increase with a CAGR of 1.38%, projecting the market will reach €13.7 billion by 2028. Key future trends to watch for include:
- Continued innovation in animal nutrition and health products.
- Increasing focus on sustainable and environmentally friendly feed production methods.
- Rising demand for premium and specialty animal feeds driven by pet humanization trends.
- Potential impact of regulatory changes and economic conditions on market growth.
