The sold production of animal feed preparations in Italy experienced considerable fluctuations from 2013 to 2023, starting at 4.79 billion Euros in 2013 and reaching 5.95 billion Euros in 2023. During this period, there were notable declines in 2014, 2015, and 2016, followed by a significant rebound in 2017 and 2018. The market exhibited a mixed trend in the following years with significant growth in 2021, but a drop in 2022. The average annual growth rate (CAGR) over the last five years was -0.41%. Variations over the last two years showed a -13.56% decline in 2022 but a recovery with a 2.25% increase in 2023.
Future trends to watch for include an anticipated steady growth from 2024 to 2028, with the market forecasted to rise to 6.59 billion Euros by 2028. The forecasted five-year CAGR is 1.61%, suggesting moderate and steady recovery. The forecasted five-year growth rate stands at 8.31%, indicating a positive outlook for the market. Key factors influencing this growth could include advancements in animal nutrition, regulatory changes, and shifts in agricultural practices.
