Forecast: Sold Production of Distilled Alcoholic Beverages in Belgium

In Belgium, the sold production value of distilled alcoholic beverages has experienced notable fluctuations over the past decade. Starting at €42.239 million in 2013, the market saw varied growth and contractions, hitting significant highs in recent years, with €83.987 million recorded in 2023. The year-on-year variation from 2022 to 2023 was 3.14%, and the five-year CAGR from 2018 to 2023 stood at 13.64%, indicating a strong upward trend.

Future projections from 2024 to 2028 show continued growth, albeit at a slower pace, with a forecasted five-year CAGR of 2.19%. This suggests the market will grow steadily, with a cumulative increase of 11.42% over the forecast period.

Trends to watch for:

• Impacts of changing consumer preferences towards premium and craft spirits.
• Regulatory developments influencing production and sales.
• Market dynamics driven by innovations and marketing strategies of key players.