Between 2013 and 2023, the market size for preparations for animal feeds, excluding dog or cat food, in Belgium showed fluctuations. Starting at 3.7273 billion euros in 2013, the market saw declines until 2016, reaching a low of 3.1582 billion euros. It rebounded in 2017 with a general upward trend leading to the 2023 valuation of 3.5324 billion euros. Notable is a year-on-year increase of 0.53% in both 2022 and 2023, with a five-year CAGR of 0.44%, indicative of gradual market recovery and stabilization.
Future trends to watch for include:
- Innovation in feed compositions enhancing nutritional value and sustainability.
- Impact of regulatory changes on production and pricing.
- Potential growth driven by the expansion of animal agriculture in Belgium.
How does Belgium rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Value?
| # | 20 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 11,894,000,000 | 2023 | +1.11% | +1.79% | View data |
| 2 | 2 Germany | 10,140,000,000 | 2023 | +1.24% | +0.75% | View data |
| 3 | 3 France | 9,272,400,000 | 2023 | +0.76% | -0.41% | View data |
| 4 | 4 United Kingdom | 7,928,600,000 | 2023 | +0.88% | +0.49% | View data |
| 5 | 5 Italy | 7,248,700,000 | 2023 | +0.72% | +0.73% | View data |
| 6 | 6 Netherlands | 6,803,200,000 | 2023 | +0.78% | +0.33% | View data |
| 7 | 7 Poland | 5,849,900,000 | 2023 | +2.17% | +1.46% | View data |
| 8 | 8 Belgium | 3,532,400,000 | 2023 | +0.53% | +0.44% | |
| 9 | 9 Denmark | 2,917,300,000 | 2023 | +1.17% | +0.7% | View data |
| 10 | 10 Portugal | 2,001,000,000 | 2023 | -0.24% | +0.57% | View data |
