Key Market Indicators
Belgian cereal products sales are projected to reach approximately €6.1 billion by 2028, up from around €5.5 billion in 2023, reflecting an average annual growth rate of 1.6%. The Belgian market has seen a steady increase of 1% year on year since 2013. In 2023, Belgium ranked seventh in cereal product sales, with Poland surpassing it at €5.5 billion. Germany, Italy, and the United Kingdom held the second, third, and fourth positions, respectively. Belgian cereal products production is expected to hit roughly €5.5 billion by 2028, rising from €4.9 billion in 2023, with a compound annual growth rate (CAGR) of 1.7%. Belgian supply has been growing at a rate of 1.2% annually since 2013. In 2023, Belgium was the eighth-largest producer, with the Netherlands leading at €4.9 billion. Germany, Italy, and the United Kingdom also occupied the second, third, and fourth spots in production rankings.
