Based on the data provided, the sold production of frozen vegetables and vegetable mixtures in Belgium has experienced some fluctuations over the years. In 2023, the production volume stood at 1.6637 billion kilograms. From 2013 to 2023, there were significant year-on-year variations, such as a remarkable increase of 14.82% in 2017 and a substantial decline of 12.96% in 2020. Over the past two years, the production increased by 18.28% in 2022 followed by a growth of 5.3% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stood at 1.11%. Forecasted data predicts a stable growth with a 5-year forecasted CAGR of 1.82%, indicating a consistent upward trend.
Future trends to watch for involve stabilizing production levels amidst variable market conditions and potential innovations in food preservation technology which could further drive the growth of the frozen vegetable market.
