In 2023, Spain led the European market for prepared farm animal feeds with a turnover of 23.15 million euros, exhibiting a 2.69% year-on-year growth. Germany followed with 13.73 million euros, growing by 1.45%, and France with 9.47 million euros, increasing by 3.41%. Poland showed the highest growth among the top five countries at 6.02%, capturing a turnover of 9.24 million euros. The United Kingdom had a modest growth of 0.35%, totaling 8.82 million euros. Noteworthy declines included Ireland (-4.99%), Iceland (-5.14%), and Latvia (-1.42%).
Looking ahead, trends indicate a growing emphasis on sustainable feed production and innovation in feed formulations. Countries with higher agricultural outputs such as Spain, Germany, and France are expected to leverage these advancements. The rapid growth in Poland and Romania suggests a robust period of investment and expansion in these markets. Environmental regulations and shifts in consumer demand towards organic and non-GMO products will likely shape industry trends. Monitoring these developments will be crucial for stakeholders aiming to capitalize on market opportunities.
Top countries in Prepared Farm Animal Feeds Turnover Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.15 | 2023 | +2.86% | +2.69% | View data |
| 2 | 2 Germany | 13.73 | 2023 | +4.49% | +1.45% | View data |
| 3 | 3 France | 9.47 | 2023 | -4.12% | +3.41% | View data |
| 4 | 4 Poland | 9.24 | 2023 | +3.96% | +6.02% | View data |
| 5 | 5 United Kingdom | 8.82 | 2023 | +0.35% | +0.35% | View data |
| 6 | 6 Italy | 7.12 | 2023 | -0.4% | +0.057% | View data |
| 7 | 7 Belgium | 6.13 | 2023 | +0.79% | +0.95% | View data |
| 8 | 8 Norway | 5.83 | 2023 | +2.4% | +2.71% | View data |
| 9 | 9 Portugal | 2.38 | 2023 | +0.62% | +0.72% | View data |
| 10 | 10 Czech Republic | 2.29 | 2023 | -0.31% | -0.45% | View data |
