In 2023, Italy leads with 30.3 high-growth enterprises in prepared animal feeds among European countries, followed by Hungary at 23.67 and Portugal at 16.1. The Czech Republic and Romania maintain mid-level shares, while Lithuania experienced a significant decrease. Year-on-year variations from 2023 show notable increases for Italy, Hungary, Portugal, and Slovakia, with Norway experiencing the highest growth percentage at 24.57%. Romania and Latvia remained steady, while Lithuania saw a decline.
Looking ahead, growth potential remains robust in Italy, Hungary, and Norway. Factors to watch include economic conditions impacting production costs, demand shifts in pet care, and environmental regulations affecting feed manufacturing. Technological advancements and sustainability practices may further drive diversification and expansion in high-growth enterprises.
Top countries in Number of High Growth Enterprises in Prepared Animal Feeds Share by Country (Units (Enterprises))
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 30.3 | 2023 | +6.67% | +12.2% | View data |
| 2 | 2 Hungary | 23.67 | 2023 | +4.17% | +13.97% | View data |
| 3 | 3 Portugal | 16.1 | 2023 | +6.25% | +14.87% | View data |
| 4 | 4 Czech Republic | 10.42 | 2023 | +10% | +9.46% | View data |
| 5 | 5 Romania | 4.73 | 2023 | 0% | 0% | View data |
| 6 | 6 Slovakia | 3.79 | 2023 | 0% | +14.87% | View data |
| 7 | 7 Norway | 2.84 | 2023 | 0% | +24.57% | View data |
| 8 | 8 Latvia | 1.89 | 2023 | +100% | 0% | View data |
| 9 | 9 Lithuania | 0.95 | 2023 | -100% | -100% | View data |
