The employment in the Prepared Animal Feeds sector in Belgium has shown notable fluctuations over the past decade. From 2013 to 2023, employment grew from 2.91K FTEs to 3.94K FTEs, demonstrating a positive trend overall. The employment recorded a significant increase in certain years, such as in 2018 (26.89%) and a substantial decrease in 2020 (-27.45%). The employment market recovered with a year-on-year increase of 21.28% in 2021 and continued its ascent with an 11.51% rise in 2022 and 7.65% in 2023.
Looking forward, the forecasted data from 2024 to 2028 suggests a steady growth in employment, with a CAGR of 1.26% over the next five years, leading to a projected total of 4.27K FTEs in 2028. This indicates a generally optimistic outlook for employment in the sector.
Future trends to watch for include advancements in feed technology, sustainable production methods, and potential regulatory changes impacting the sector. Additionally, economic conditions and animal farming trends will play crucial roles in shaping employment dynamics in the Prepared Animal Feeds sector.
