The market size value for animal feeds, excluding dog or cat food, in Latvia has shown a general upward trend over the past decade, reaching 125.59 million Euros in 2023. Over the past two years, growth rates have slightly slowed, with year-on-year increases of 0.74% in 2022 and 0.72% in 2023. The compound annual growth rate (CAGR) over the last five years averaged 1.73%, indicating gradual growth with occasional fluctuations driven by market dynamics.
The future trends to watch for include:
- Potential shifts in consumer preferences towards more sustainable and organic feed options.
- Technological advancements in feed production that might enhance efficiency.
- Economic factors that could impact agricultural production and feed demand.
- Policy changes impacting agricultural imports and exports.
How does Latvia rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 11,894,000,000 | 2023 | +1.11% | +1.79% | View data |
| 2 | 2 Germany | 10,140,000,000 | 2023 | +1.24% | +0.75% | View data |
| 3 | 3 France | 9,272,400,000 | 2023 | +0.76% | -0.41% | View data |
| 4 | 4 United Kingdom | 7,928,600,000 | 2023 | +0.88% | +0.49% | View data |
| 5 | 5 Italy | 7,248,700,000 | 2023 | +0.72% | +0.73% | View data |
| 17 | 17 Slovenia | 250,500,000 | 2023 | +2.21% | +3.83% | View data |
| 18 | 18 Bulgaria | 248,970,000 | 2023 | +1.26% | +1.89% | View data |
| 19 | 19 Latvia | 125,590,000 | 2023 | +0.72% | +1.73% | |
| 20 | 20 Estonia | 122,420,000 | 2023 | +2.12% | +1.51% | View data |
