The turnover of beverage serving activities in Belgium experienced fluctuating growth from 2013 to 2023. Key variations include significant declines in 2016 and 2020, with the latter mainly due to the impact of the COVID-19 pandemic. Recovery was observed in 2021, with a substantial 56.17% increase, followed by continued growth reaching €2.18 billion in 2023. The CAGR over the last five years stands at 4.03%, indicating a robust recovery phase post-pandemic.
Future trends to watch for include:
- Moderate but consistent growth, with a forecasted 5-year CAGR of 1.74% up to 2028.
- Expected turnover to reach €2.43 billion by 2028.
- Adjustments in consumer behavior and persistent inflationary pressures could impact industry performance.
