The market size volume for frozen vegetables and vegetable mixtures in Belgium has shown considerable fluctuations from 2012 to 2022. Starting at 509.84 million kilograms in 2012, the market experienced a notable decline to 450.36 million kilograms in 2013. A fluctuating recovery followed, with significant peaks such as in 2017 with 721.11 million kilograms, reflecting a 32.49% year-on-year increase. In the subsequent years, the market experienced some declines but trended upward from 2019, stabilizing with slight positive changes into 2022, ending at 694.44 million kilograms.
Key Annual Variations:
- 2017: Notable growth of 32.49% year-on-year.
- 2020: Rebound with a year-on-year increase of 4.6%.
- 2022: Continued moderate growth with a 1.92% increase.
The Compound Annual Growth Rate (CAGR) over the past five years up to 2022 stands at negative -0.75%, indicating a generally stable yet slightly contracting market in that period.
Future trends to watch for include increasing health awareness driving demand for frozen vegetables, potential shifts driven by technological advancements in food preservation, and evolving consumer preferences towards convenience foods. Additionally, environmental concerns and sustainability trends may influence packaging and production processes in this sector.
# | 14 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 France | 745,800,000 | 2023 | +0.43% | -0.23% | View data |
2 | 2 Belgium | 707,270,000 | 2023 | +1.85% | +1.16% | |
3 | 3 Germany | 706,520,000 | 2023 | +0.28% | +0.11% | View data |
4 | 4 Spain | 666,590,000 | 2023 | +2.66% | +1.98% | View data |
5 | 5 United Kingdom | 579,530,000 | 2023 | +0.97% | +0.91% | View data |