In Belgium, the wheat bran market displayed a fluctuating trajectory from 2013 to 2023. The market value dipped from 74.2 million euros in 2013 to 56.9 million euros in 2017, indicating a downward trend. However, post-2017, the market reversed its course, marking a significant expansion to 99.9 million euros by 2023, displaying robust growth year-on-year variations of 7.6% in the latest observation. The CAGR over the last five years evidenced strong performance at 10.67%.
From 2024 onwards, forecasted data anticipates continued growth, projected to reach 134.17 million euros by 2028, reflecting a forecast 5-year CAGR of 4.65%, and an overall growth rate of 25.49% over the period. This suggests that the market is poised for a steady expansion in the upcoming years.
Future trends to watch for:
- Increasing consumer awareness about dietary fibers and their health benefits might drive higher demand for wheat bran.
- Technological advancements in production techniques could lower costs and enhance product quality.
- Growing preference for plant-based diets could also boost the wheat bran market.
