The turnover in the Prepared Animal Feeds sector in Belgium stood at 4.56 billion Euros in 2023. The forecasted data from 2024 to 2028 indicate a consistent upward trajectory, with annual values increasing from 4.62 billion Euros in 2024 to 4.88 billion Euros in 2028. The year-on-year percentage variations are as follows:
- 2024: 1.32%
- 2025: 1.30%
- 2026: 1.49%
- 2027: 1.26%
- 2028: 1.46%
The compound annual growth rate (CAGR) over the five-year forecast period is 1.41% per annum.
Future trends to watch for include potential impacts from regulatory changes, shifts in consumer preferences towards sustainable and organic feeds, and technological advancements in feed production methods. Monitoring these trends will be critical for stakeholders planning for market engagement and growth.
