The juice production value in Belgium stood at 94.3 million Euros in 2023. The industry has experienced significant fluctuations over the past decade, with notable peaks and troughs. From 2013 to 2016, there was a steady increase in production value, followed by a sharp decline in 2017 and 2018. However, a partial recovery was seen in 2019 and 2020. The past two years saw slight declines, and the projected CAGR over the next five years is a subtle decrease of 0.21% per annum.
Future trends to watch for include:
- Technological advancements in production efficiency.
- Consumer preference shifts towards healthier beverage options.
- Impact of economic conditions on discretionary spending.
- Regulatory changes related to food and beverage industries.
