In 2023, the Prepared Meals market size in Belgium reached 796.4 million euros. Over the past decade, the market has experienced fluctuations with an initial rapid growth from 2013 to 2016. However, some declines were noted between 2017-2018 and during 2020. Notably, the period from 2021 to 2023 marked significant recovery and growth, with the market expanding at an average rate of 4.05% per year over the last five years.
Year-on-year variations from 2021 to 2023 show:- 2021: 8.49%- 2022: 6.66%- 2023: 3.32%
Future trends:- The market is forecasted to continue growing steadily from 2024 to 2028, with a forecasted 5-year CAGR of 2.3%, indicating a moderate and sustainable growth rate.- Projections indicate that by 2028, the market size will reach 920.68 million euros, representing a total growth rate of 12.04% from 2024.
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