The production in the prepared animal feeds sector in Austria has demonstrated consistent growth over the past decade, peaking at 1390.0 million Euros in 2023. This represents a 2.72% year-on-year increase from 2022. Over the last five years, the compound annual growth rate (CAGR) has been 2.58%. Forward-looking forecasts indicate continued growth, with projected values reaching 1570.0 million Euros by 2028, translating to a forecasted 5-year CAGR of 1.9% and an overall 5-year growth rate of 9.86%.
Future trends to monitor include:
- Potential impacts of changing agricultural policies within the EU
- Shifts in consumer preference towards organic and specialty animal feeds
- Technological advancements in feed production and supply chain efficiencies
- Economic factors affecting raw material costs and pricing strategies
