Key Market Indicators
Belgian meat sales are projected to rise to approximately €7 billion by 2028, up from €6.6 billion in 2023. This represents an average annual growth rate of 1%. Over the past decade, the market has experienced a consistent increase of 2.5% per year. In 2023, Belgium ranked 10th in meat sales, trailing behind Switzerland, which also reported sales of €6.6 billion. France, Spain, and Italy secured the second, third, and fourth positions, respectively. Meat consumption in Belgium is expected to decrease slightly, reaching 607,000 metric tons by 2028 from 621,000 metric tons in 2023. This marks an average annual decline of 0.4%. Since 2019, the demand for meat in Belgium has fallen by 0.2% each year. Belgium's meat production is forecasted to decline to 1,762,600 metric tons by 2028 from 1,769,800 metric tons in 2023, with a compound annual growth rate (CAGR) decrease of 0.1%. The supply of meat in Belgium has been dropping consistently by 0.6% annually since 2005.
