In 2023, the production value of meat and poultry meat products in Belgium stood at 1.98 Billion Euros. The forecast for the coming years indicates a steady growth: 2024 (2.01 Billion Euros), 2025 (2.04 Billion Euros), 2026 (2.07 Billion Euros), 2027 (2.1 Billion Euros), and 2028 (2.13 Billion Euros).
The year-on-year variations are as follows:
- 2024: 1.52%
- 2025: 1.49%
- 2026: 1.47%
- 2027: 1.45%
- 2028: 1.43%
Over the last two years, the market experienced an average annual growth rate of roughly 1.5%. The five-year compound annual growth rate (CAGR) is approximately 1.47%.
Future trends to watch for include potential impacts of regulatory changes on production processes, shifts in consumer preferences towards more sustainable and alternative meat products, and economic factors such as inflation or cost of raw materials that could affect production costs and pricing strategies.
