Key Market Indicators
Belgium's food services expenditure is projected to reach €17 billion by 2028, up from €15 billion in 2023. This represents an average annual growth rate of 1.8%. Since 2000, Belgian demand for food services has increased by 0.5% annually. In 2023, Belgium ranked 13th globally, with Ireland surpassing it at €15 billion. Spain, Italy, and France occupied the second, third, and fourth positions, respectively. In terms of food services revenue, Belgium is expected to reach €24 billion by 2028, an increase from €20 billion in 2023. This reflects a compound annual growth rate (CAGR) of 2.8%. Since 2010, the Belgian market has experienced an average annual growth of 4.2%. In 2023, Belgium ranked 10th, with Portugal ahead at €20 billion. Germany, France, and Italy held the second, third, and fourth spots in this ranking, respectively.
