|Publication Year||February, 2020|
The size of the total domestic consumption of compound livestock feeds has not reported significant annual changes. In particular, during the period 2004-2008, the market size (in quantity) rose at an average annual growth rate of 3.7%. In 2009, consumption dropped by approximately 5%, while the reported slight fluctuations during the period 2010-2014. Over 2015-2019, the market has registered a rise over time. In 2019 the total consumption of compound livestock feeds increased by approximately 1.3% compared to 2018.
According to estimates, the total market value of animal feeds increased by 1.7% in 2019 compared to 2018.
Domestic consumption of pet food was steadily rising in the period 1995-2008, recording high annual rates of change. From 2009 to 2016, the market of pet food has been continuously declining. However, over the period 2017-2019, the market has registered a rise by an average annual rate of 3.3%. Particularly, total consumption increased by 3.7% in 2019 compared to the previous year. The total market value (wholesale prices) is estimated to have registered a rise of 4.6% in 2019 compared to 2018.
The category of poultry feeds accounted for the largest part of the market (50%) in 2019, followed feeds for sheep and lambs (27%) and livestock (10%). Pig feed accounted for 6%, while the remaining 7% was consumed by other animals, such as rabbits and horses.