Forecast: Prepared Meals Market Size Volume in Belgium

The prepared meals market in Belgium has shown significant growth from 2013 to 2023, reaching 225.02 million kilograms in 2023. The market saw a notable year-on-year increase in the early part of the decade, peaking at a 36.77% growth in 2016. Despite fluctuations, including a few years of decline or minimal growth, the overall trend has been upward. The most recent data highlights a 4.58% increase from 2022 to 2023.

Notable percentage variations over the last two years include:

• 2021 to 2022: 13.54%
• 2022 to 2023: 4.58%

Over the past five years, the compound annual growth rate (CAGR) stands at 5.58%, indicating steady growth. The market is forecasted to grow at a CAGR of 3.05% from 2024 to 2028, with a total growth rate of 16.22% over this period, projecting a volume of 272.88 million kilograms in 2028.

Future trends to watch for include the increasing demand for convenience foods, rising health consciousness among consumers leading to healthier prepared meal options, and potential impacts of economic fluctuations on consumer spending habits.