From 2013 to 2023, the apple juice market in Belgium experienced fluctuating growth rates. The market value stood at 68.719 million euros in 2023. The year-on-year growth from 2022 to 2023 was 1.12%. Over the past five years, from 2019 to 2023, the market saw an average annual growth (CAGR) of 1.3%. Despite a dip in 2020, there have been consistent gains in the following years.
Looking ahead, the forecasted data up to 2028 indicates a steady rise in the apple juice market value, with a projected 5-year CAGR of 0.88%, translating to an overall growth rate of 4.5% by the end of the forecast period.
Future trends to watch for include consumer shifts towards healthier beverage options, innovations in apple juice formulations, and potential impacts of supply chain dynamics on production costs, which could influence market values.
