The dairy products sector in Belgium showed fluctuating production values between 2013 and 2023. Production peaked at €5.01 billion in 2014 before declining to a low of €3.76 billion in 2016. After a recovery period, the sector attained a stable growth phase post-2017. As of 2023, production stood at €4.69 billion, with a year-on-year increase of 0.9%. Over the last five years, the compound annual growth rate (CAGR) was 0.74%, indicating a modest yet steady upward momentum.

Future trends to watch for:

Forecasted growth of the sector, with a projected CAGR of 0.67% for the next five years.
A continued increase in production value, expected to reach €4.89 billion by 2028, driven by stable demand and market recovery.
Potential impacts of economic, environmental, and policy changes on the dairy sector performance.