The market for Preparations for Animal Feeds (Excluding Dog or Cat Food) in Latvia has shown a steady growth in volume per capita from 2013 to 2023. By 2023, it reached 163.46 kilograms per capita. This upward trend reflects a continuous increase in the consumption, with the most significant yearly increase observed in the years 2014, 2017, and from 2019 to 2023. Over the last two years, the market witnessed a consistent growth rate. The compound annual growth rate (CAGR) over the past five years averages a notable increase per year, underscoring a robust demand for animal feeds in the country.
Future trends to watch for include:
- Continued growth driven by advancements in animal nutrition and feed technology.
- Potential impact of environmental regulations and sustainability practices on feed production.
- The influence of economic factors on feed prices and consumption patterns.
How does Latvia 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 | ||
| 17 | 17 Croatia | 183.5 | 2023 | View data | ||
| 18 | 18 Lithuania | 173.45 | 2023 | View data | ||
| 19 | 19 Latvia | 163.46 | 2023 | |||
| 20 | 20 Bulgaria | 116.19 | 2023 | View data | ||
| 21 | 21 Romania | 67.19 | 2023 | View data | ||
