The market for animal feeds (excluding dog or cat food) in Belgium reached a volume of 8.1623 billion kilograms in 2023. The market has experienced a positive but modest growth trend, characterized by fluctuations in the year-on-year growth rate, peaking notably in 2021 with a 2.18% increase. Over the past five years, the compound annual growth rate (CAGR) settled at 1.53%, reflecting steady expansion, though not without intermittent slowdowns as seen in 2022.
Future trends to watch for:
- Increasing demand due to livestock sector growth in alignment with sustainable practices could drive further market expansion.
- Technological advancements in feed production and formulations may enhance efficiency and production capacity.
How does Belgium rank in Preparations for Animal Feeds (Excluding Dog or Cat Food) Market Size Volume?
| # | 21 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 27,624,000,000 | 2023 | +1.28% | +1.66% | View data |
| 2 | 2 Germany | 23,001,000,000 | 2023 | -0.74% | -0.28% | View data |
| 3 | 3 France | 19,978,000,000 | 2023 | -0.13% | -0.6% | View data |
| 4 | 4 United Kingdom | 16,104,000,000 | 2023 | +0.37% | +0.046% | View data |
| 5 | 5 Netherlands | 13,503,000,000 | 2023 | +1.6% | -0.045% | View data |
| 6 | 6 Italy | 11,144,000,000 | 2023 | -1.39% | -2.54% | View data |
| 7 | 7 Poland | 9,872,700,000 | 2023 | -4.98% | -2.72% | View data |
| 8 | 8 Belgium | 8,162,300,000 | 2023 | +1.38% | +1.53% | |
| 9 | 9 Denmark | 5,036,400,000 | 2023 | -0.13% | -0.45% | View data |
| 10 | 10 Portugal | 4,359,100,000 | 2023 | +1.34% | +0.56% | View data |
