Key Market Indicators
Belgian Meat Sales are projected to climb to €7 billion by 2028, up from €6.6 billion in 2023. This marks an average annual growth rate of 1%. Over the past decade, the Belgian market has shown a consistent upward trend with an annual increase of 2.5%. In 2023, Belgium ranked 10th in meat sales, with Switzerland surpassing it at €6.6 billion. France, Spain, and Italy occupied the second, third, and fourth positions, respectively, in this ranking. Belgian Meat Consumption is expected to decline slightly, reaching 607,000 metric tons by 2028, down from 621,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) decrease of 0.4%. Since 2019, the demand for meat in Belgium has been on a downward trajectory, decreasing by 0.2% annually. On the production side, Belgian Meat Production is forecasted to dip to 1.76 million metric tons by 2028, from 1.77 million metric tons in 2023. This indicates an average annual reduction of 0.1%. Since 2005, the country's meat supply has decreased by 0.6% each year.
