The production value of margarine and similar edible fats in Belgium has shown significant fluctuations over the past decade. After a notable peak in 2016, the value started declining sharply until 2020. However, the years between 2021 and 2023 have seen modest positive growth. As of 2023, the production value stands at 390.5 million euros. Forecasts predict this upward trend to continue through 2028, with a forecasted 5-year CAGR of 1.63%, indicating a gradual recovery and stabilization in this sector.
Future trends to watch for:
• Technological advancements in production processes.
• Shifts towards healthier and sustainable product lines.
• Potential impacts of global supply chain disruptions.
• Changes in consumer preferences and demand.
