In 2023, the wheat bran market size volume in Belgium stood at 434.97 million kilograms. Reviewing historical data from 2013 to 2023 reveals significant fluctuations. From 2013 to 2016, the market experienced a decline, with the most substantial drop in 2013 at -14.37%. Recovery began in 2017, with notable growth spurts in 2019 and 2020, which saw year-on-year increases of 10.4% and 16.73%, respectively. Over the 2018-2023 period, the market maintained an annual growth trajectory with a CAGR of 6.54%, signaling strong recovery and expansion.
Looking forward, the forecasted data from 2024 to 2028 suggests continued growth at a slower yet steady pace, with an anticipated 5-year CAGR of 2.21% and a total growth rate of 11.57% for the period. This forecast indicates a stable increase in demand for wheat bran in Belgium.
Future trends to watch for include potential impacts of regulatory changes, advancements in agricultural technology, and shifts in consumer dietary preferences prioritizing high-fiber foods. These factors could drive both demand and supply variations in the market, influencing overall growth projections.
