The market for preparations for animal feeds (excluding dog or cat food) in Bulgaria has demonstrated sustained growth, closing at approximately 248.97 million Euros in 2023. The year-on-year growth from 2022 to 2023 was modest at 1.26%, while the last five years saw a compound annual growth rate (CAGR) of 1.89%, indicating steady upward momentum despite minor fluctuations in earlier years.
Future trends to watch for include potential impacts from innovations in feed formulations, regulatory changes regarding animal welfare and sustainable practices, as well as shifts in the agricultural sector dynamics affecting livestock production needs. Monitoring these aspects will be crucial for anticipating further market developments.
How does Bulgaria 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 |
| 16 | 16 Croatia | 348,810,000 | 2023 | +1.68% | +0.055% | 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% | |
| 19 | 19 Latvia | 125,590,000 | 2023 | +0.72% | +1.73% | View data |
| 20 | 20 Estonia | 122,420,000 | 2023 | +2.12% | +1.51% | View data |
