Production in the Prepared Animal Feeds sector in Belgium has experienced fluctuations over the years. The value stood at 3.91 Billion Euros in 2023. Notable trends include a significant increase of 19.13% in 2015 contrasted with a sharp decline of 24.5% in 2016, followed by moderate growth and occasional minor declines. Year-on-year variations over the last two years were 1.08% in 2022 and 1.06% in 2023. The CAGR over the past five years was 1.13%.

Looking ahead, the forecast indicates a steady growth trajectory, with values increasing annually, reaching 4.11 Billion Euros by 2028. The forecasted 5-year CAGR is 0.79%.

Future trends to watch for:

Technological advancements in feed production processes.
Changes in dietary preferences and nutritional requirements of animals.
Impact of regulatory changes on production and quality standards.
Potential disruptions or opportunities arising from global supply chain dynamics.