The Belgian ice cream market has shown variability over the past decade. From 2012 to 2016, the market experienced significant growth with notable peaks, particularly in 2016 with a year-on-year increase of 22.97%. However, it then encountered a decline, facing a substantial drop in 2017 and gradual decreases till 2019. Despite slight rebounds in 2020 and 2022, the market stabilized around 211 to 215 million euros in the last three years. The compound annual growth rate (CAGR) over the past 5 years was 1.22%, indicating a relatively stable market with mild growth.
As we move into 2024, key future trends to watch for include:
- Growing consumer preference for premium and artisanal ice creams.
- Increasing demand for health-conscious and dairy-free alternatives.
- The influence of climate on seasonal consumption trends.
- Technological advancements in production and packaging to enhance shelf-life and sustainability.
How does Belgium rank in Ice Cream Market Size Value?
| # | 18 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,378,000,000 | 2023 | +0.41% | -2.55% | View data |
| 2 | 2 France | 1,321,400,000 | 2023 | +0.38% | +0.31% | View data |
| 3 | 3 Spain | 1,069,700,000 | 2023 | +0.16% | +1.11% | View data |
| 4 | 4 Poland | 448,960,000 | 2023 | +2.04% | +2.47% | View data |
| 5 | 5 Netherlands | 316,270,000 | 2023 | +3.31% | +0.5% | View data |
| 6 | 6 Belgium | 241,760,000 | 2023 | +2.94% | +3.87% | |
| 7 | 7 Romania | 216,110,000 | 2023 | +4.96% | +1.22% | View data |
| 8 | 8 Finland | 215,500,000 | 2023 | -0.38% | -1.05% | View data |
