Analyzing the processed fish market in Belgium from 2013 to 2023, the per capita consumption shows fluctuations with a slight declining trend. Starting at 0.49 kg in 2013, it peaked slightly at 0.52 kg in 2014 and 2016, and then gradually reduced to stabilize at 0.45 kg from 2020 to 2023. This reflects a modest decrease in consumer interest or shifts in dietary preferences.
The compounded annual growth rate (CAGR) over the last five years is zero, indicating a stagnation in market growth. Year-on-year variation has shown minimal changes, emphasizing a stable consumer pattern in recent years.
Looking to the future, key trends to watch for include shifts toward healthier or sustainable food choices, potential changes in fish supply chains, and environmental regulations that may influence consumption patterns in processed fish products.
