The market for preparations for animal feeds (excluding dog or cat food) in Bulgaria has experienced notable growth from 2013 to 2023. In 2023, it stood at 786.55 million kilograms. Analyzing year-on-year variations, the market saw consistent fluctuations with an upward trend, except for slight declines in 2017 and 2020. Over the last two years, growth persisted with increments of 1.93% in 2022 and 1.88% in 2023. The compound annual growth rate over the past five years was 2.32%, indicating moderate but stable growth.
Looking forward, key trends to watch include increasing demand for sustainable and nutrient-enriched animal feeds, driven by evolving consumer preferences and regulatory trends towards sustainability and animal welfare. Additionally, technological advancements in feed production processes may spur market expansion.
How does Bulgaria rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 27,624,000,000 | 2023 | +1.28% | +1.66% | View data |
| 2 | 2 Germany | 23,001,000,000 | 2023 | -0.74% | -0.28% | View data |
| 3 | 3 France | 19,978,000,000 | 2023 | -0.13% | -0.6% | View data |
| 4 | 4 United Kingdom | 16,104,000,000 | 2023 | +0.37% | +0.046% | View data |
| 5 | 5 Netherlands | 13,503,000,000 | 2023 | +1.6% | -0.045% | View data |
| 14 | 14 Finland | 1,916,800,000 | 2023 | +2.81% | -1.29% | View data |
| 15 | 15 Romania | 1,279,300,000 | 2023 | +1.7% | +3.55% | View data |
| 16 | 16 Bulgaria | 786,550,000 | 2023 | +1.88% | +2.32% | |
| 17 | 17 Croatia | 699,030,000 | 2023 | +4.67% | +4.44% | View data |
| 18 | 18 Lithuania | 458,240,000 | 2023 | -1.35% | -1.46% | View data |
