The turnover of prepared animal feeds in Poland increased from €4.04 billion in 2013 to €6.6 billion in 2023, showing notable growth but with fluctuations along the way. The largest yearly increase was in 2018 with 18.93%, while 2019 experienced a significant decline of 14.22%. The last two years saw moderate growth, with a year-on-year increase of 4.14% in 2022 and 3.94% in 2023. Over the last five years, the compound annual growth rate (CAGR) has been 2.44%. For the coming years, the forecast anticipates a continued growth with a 2028 forecasted CAGR of 2.67%, culminating in a 14.09% growth rate over the next five years.
Future trends to watch for:
- Technological advancements in feed production and quality improvements.
- Increased focus on sustainability and eco-friendly feed ingredients.
- Market expansion driven by rising demand in both domestic and export markets.
