From 2013 to 2022, employment in Belgium's Vegetable Oil and Animal Fats sector showed significant fluctuations, with values ranging from 1.18 to 1.95 thousand full-time equivalents (FTEs). Post-2016, employment exhibited a more stable upward trend, reaching a plateau at 1.95 thousand FTEs from 2020 onwards. Year-on-year percentage variations over the last two years were minimal, indicating stabilization. The five-year CAGR from 2023 to 2028 forecasts a very slight increase of 0.06% annually, projecting employment to stabilize at 1.96 thousand FTEs by 2028.
Future trends to monitor include advancements in automation and sustainable practices within the sector, as these could impact employment levels. Additionally, shifting consumer preferences towards plant-based products and regulatory changes may further influence employment dynamics.
