Key Market Indicators
Belgian animal feed sales are projected to climb to approximately €4.88 billion by 2028, up from around €4.55 billion in 2023. This marks an average annual growth rate of 1.1%. Since 2013, the Belgian market has seen a year-on-year increase of 2.4%. In 2023, Belgium was ranked eighth in the industry, with Italy surpassing it at €4.55 billion. Leading the rankings were Germany, France, and the Netherlands, holding the second, third, and fourth positions, respectively. Belgian animal feed exports are expected to reach about 2.08 billion kilograms by 2028, up from nearly 1.89 billion kilograms in 2023, growing at an average of 1.5% annually. Since 2004, the supply has surged by 2.6% year on year. In 2023, Belgium was ranked third, with Germany overtaking it at 1.89 billion kilograms. Germany, Belgium, and the United States occupied the second, third, and fourth spots, respectively, in this ranking. On the import side, Belgian animal feed is set to rise to roughly 1.65 billion kilograms by 2028 from nearly 1.49 billion kilograms in 2023, reflecting an annual growth rate of 1.6%. Since 2004, the country's demand has grown by 2.6% year on year.
