Between 2012 and 2021, the price per unit of animal feeds (excluding dog or cat food) in Denmark demonstrated fluctuations with a low of €0.52/kg in 2012 and peaking at €0.59/kg in 2021, indicating overall upward pressure on prices. The most notable increase occurred in 2021, with a year-on-year growth of 9.26% from 2020. Over the last five years, the compound annual growth rate (CAGR) of prices was around 1.79%.
Future trends to watch for include potential impacts from changes in raw material costs and regulatory legislation from the EU, as well as global shifts in agricultural trends that could affect supply chains, thereby influencing prices. Sustainability considerations and demand for organic feeds may also drive future market dynamics.
