In 2023, Belgium's meat processing turnover was 3.12 billion euros. In 2024, it is forecasted at 3.11 billion euros, representing a slight decrease of 0.32%. The downward trend continues over the next years, with turnovers of 3.1 billion euros (2025), 3.09 billion euros (2026), 3.08 billion euros (2027), and 3.07 billion euros (2028). The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be -0.26%, indicating a persistent gradual decline.
Future trends to watch for in the meat processing industry in Belgium include:
- Increasing consumer demand for plant-based alternatives.
- Stricter environmental regulations impacting production costs.
- Technological advancements in meat processing and supply chain management.
- Changing dietary preferences and health consciousness among consumers.
