The margarine and low-fat spreads market in Belgium experienced fluctuations over the past decade, peaking at €126.66 million in 2015 before a noticeable decline in the following years. By 2023, the market stood at €101.71 million, marking a -2.47% year-on-year change from 2022 and a five-year CAGR of -2.1%. Over the past two years, the market saw an average annual decrease of about -1.76%, pointing to a persistent downtrend.
Projections indicate a continuing decline, with the forecasted market size reaching €89.211 million by 2028, reflecting a five-year CAGR of -2.09%. Future trends to watch for include potential shifts towards healthier alternatives, innovations in product formulations, and evolving consumer preferences towards plant-based options which could either slow or reverse the decline.
