The prepared animal feeds sector in Belgium experienced significant fluctuations between 2013 and 2023. The volume was 98.7 million Euros in 2023. There was a 7.05% rise in 2023, following a 9.89% increase in 2022. Despite downturns in some years, such as 2020's -21.55% dip, the sector gradually recovered. From 2018 to 2023, the compound annual growth rate (CAGR) was 1.48%, indicating a modest overall growth.
Looking ahead, the sector is forecasted to continue its upward trend, with expected volumes reaching 110 million Euros by 2028, representing a forecasted 5-year CAGR of 1.72% and a total growth rate of 8.91%. Key future trends to watch for include advancements in feed technology, sustainability practices, and shifts in consumer preferences for high-quality animal products.
