The market for preparations for animal feeds (excluding dog or cat food) in Bulgaria showed a consistent upward trajectory, increasing from 81.32 kilograms per capita in 2013 to 116.19 kilograms in 2023. Over the last decade, the data reveals an upward trend with minor fluctuations. From 2021 to 2023, there was a noticeable increase in per capita volume by an average percentage nearing about 4% year-on-year. Over the past five years, the compound annual growth rate (CAGR) averaged around 2.4%, demonstrating stable growth momentum. In 2023, the per capita volume stood at 116.19 kilograms, indicating sustained demand.
Looking forward, a few key trends to watch include:
- Technological advancements in feed production that could optimize efficiency and increase volume.
- A growing emphasis on sustainable and environmentally friendly feed options.
- Evolution of livestock farming practices which might influence feed consumption patterns.
How does Bulgaria rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Volume Per Capita?
| # | 21 Countries | Kilograms Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 850.09 | 2023 | View data | ||
| 2 | 2 Netherlands | 792.66 | 2023 | View data | ||
| 3 | 3 Belgium | 696.18 | 2023 | View data | ||
| 4 | 4 Spain | 582.82 | 2023 | View data | ||
| 5 | 5 Portugal | 431.15 | 2023 | View data | ||
| 18 | 18 Lithuania | 173.45 | 2023 | View data | ||
| 19 | 19 Latvia | 163.46 | 2023 | View data | ||
| 20 | 20 Bulgaria | 116.19 | 2023 | |||
| 21 | 21 Romania | 67.19 | 2023 | View data | ||
