Belgium's sold production of dog or cat food experienced significant fluctuations over the past years. Starting at 101.82 million kilograms in 2013, the figure decreased slightly in 2014 by 2.23%. 2015 saw a notable surge with a 28.72% increase. Thereafter, the trend became more stable, with moderate growth and occasional declines, peaking intermittently. By 2023, the volume stood at 149.49 million kilograms, with a year-on-year increase of 1.86% and a five-year CAGR of 2.07%. The future from 2024 onwards forecasts a steady increase, indicating a robust market trend with a five-year forecast CAGR of 1.35%.
Future trends to watch for include:
- Potential impacts of raw material price fluctuations on production volumes.
- Consumer trends towards premium and specialized pet foods.
- Potential market expansions and new product innovations influencing production.
These factors could shape the growth trajectory of the dog and cat food production market in Belgium.
