The forecasted beer demand in Belgium shows a consistent upward trend from 2024 to 2028. In 2023, the actual demand stood at 955.21 thousand metric tons, marking the starting point for subsequent increases. The year-on-year growth rates for the forecasted period are as follows:
• From 2024 to 2025: 0.74%
• From 2025 to 2026: 0.72%
• From 2026 to 2027: 0.70%
• From 2027 to 2028: 0.68%
Over the last two years, there was an upward adjustment of 1.55%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2023 to 2028 is approximately 0.72%.
Future trends to watch for include potential shifts in consumer preferences towards craft beers, health-conscious low-alcohol or alcohol-free options, and the impact of economic factors such as disposable income levels and changes in excise duties or other regulations. Advances in digital marketing and e-commerce for alcohol sales could also influence overall demand patterns.
