The gross investment in the vegetable oil and animal fats sector in Belgium showed significant fluctuation from 2013 to 2023. Starting from a base of 49.1 million Euros in 2013, the sector saw both declines and sharp increases, peaking at 96.3 million Euros in 2018 before stabilizing somewhat, with a slight downward trend until 2021. The investment value stood at 99.2 million Euros in 2023, demonstrating a steady growth trajectory over the past five years. The Compound Annual Growth Rate (CAGR) over the same period was 2.59%, indicating moderate growth.
Over the last two years (2022-2023), the year-on-year variation was relatively stable with small increases of 3.91% and 3.66% respectively. This portrays a consistent upward trend in investments. A notable change was the substantial jump in 2018, which set a higher baseline for subsequent years. Future trends suggest the sector will continue to grow with forecasted investment values reaching up to 116.8 million Euros by 2028, driven by factors like technological advancements, increased consumer demand for healthier fats, and sustainable production practices.
Trends to watch for:
- Technological advancements in production efficiency.
- Growing consumer preference for plant-based fats.
- Government policies promoting sustainable and environmentally friendly production.
- Fluctuating commodity prices impacting investment.
