The fresh sheep meat market in Belgium has experienced a general decline over the past decade, with the volume standing at 10.799 million kilograms in 2023. Year-on-year analysis reveals an average annual drop of approximately -0.39% from 2019 to 2023, suggesting a gradual reduction in market demand. The market decreased slightly but consistently, evidenced by small annual percentage drops and minor gains within this period.
Looking forward, the projected data from 2024 to 2028 indicates a continued declining trend at an average annual rate (CAGR) of -0.89%. By 2028, the market is expected to contract further, reflecting a total reduction of approximately -4.39% from 2023 levels.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternative proteins.
- Impact of policies promoting sustainable and local food sources on market dynamics.
- Economic factors affecting household purchasing power and meat consumption behaviors.
- Technological advances in farming and meat processing that may affect supply chain efficiencies.
- Global trade policies and agreements influencing Belgium's sheep meat imports and exports.
