The consumption of maize feed in Belgium exhibited fluctuations over the past decade, initially decreasing from 1.01 million metric tons in 2014 to 0.944 million metric tons in 2016. This was followed by a notable increase to 1.09 million metric tons in 2017, maintaining this level through 2020. From 2021, a steadier incremental growth was recorded, reaching 1.11 million metric tons by 2023, marking a year-on-year variation of 0.63%. The compound annual growth rate (CAGR) over the past five years stands at 0.4%, indicating a modest but consistent upward trend.
The forecasted data suggests this gradual increase will continue, with an anticipated value of 1.14 million metric tons by 2028, denoting a forecasted 5-year CAGR of 0.43% and an overall growth rate of 2.14% across the forecast period. This steady growth implies sustained, albeit slow, expansion in the maize feed market in Belgium.
Future trends to monitor include potential impacts of climate change on maize production, advancements in agricultural technologies, and evolving dietary preferences for livestock which could influence maize feed demand.
