The turnover for prepared farm animal feeds in Belgium has shown notable fluctuations from 2013 to 2023. After peaking in 2013, there were declines in 2014 and 2016, followed by moderate recovery and stabilization in subsequent years. From 2016 onwards, the value generally trended upwards, though the annual increases were quite modest. As of 2023, the turnover stood at 3.9 billion Euros. Year-on-year variation over the last two years highlighted minor increases: 0.81% in 2022 and 0.79% in 2023. The average annual growth rate (CAGR) over the last five years has been 0.95%.

Future trends to watch for:

Continued steady growth with a forecasted 5-year CAGR of 0.59% and total growth rate of 2.99% by 2028.
Possible market adjustments due to regulatory changes, technological advancements, and shifts in demand patterns.
The importance of sustainability and organic feed in influencing market dynamics.