The poultry meat market in Belgium has observed fluctuating growth rates historically. In 2013, the market value stood at 947.69 million Euros, illustrating a decline of 2.55%, followed by significant increases, such as the 12.88% rise in 2014. The market experienced inconsistent changes with notable fluctuations, including a surge of 23.72% in 2018. By 2023, the market had reached a value of 1393.3 million Euros, offering a modest year-on-year growth rate of 1.87% and an average CAGR of 1.51% over the preceding five years.
Looking forward, forecasted data highlights a consistent but mild upward trend. Predicted growth percentages are relatively modest, indicating a stable market with a forecasted 5-year CAGR of 1.36% and an anticipated overall growth rate of 6.97% from 2024 to 2028.
Future Trends to Watch For:
- Consumer shifts towards healthier dietary practices influencing poultry demand.
- Impact of sustainability and environmental concerns on poultry production processes and profitability.
- Technological advancements in poultry farming improving yield and efficiency.
- Market responses to economic fluctuations and the potential impact of geopolitical changes within the EU.
