The nuts market size in Belgium has seen a steady decline from 2014 to 2023, decreasing from 36.0 thousand metric tons to 29.0 thousand metric tons. Annual variations have generally been negative, with a few minor positive exceptions. The average annual decrease over the past five years was -1.32%, with a compounded annual growth rate (CAGR) of -1.32% for 2023.
Looking forward, the forecast indicates a continued decline with a -1.42% CAGR from 2024 to 2028, projecting the market size to decrease further to 27.0 thousand metric tons by 2028.
Future trends to watch for include:
- Shifts in consumer preferences toward healthier snack options, possibly impacting demand.
- Changes in import/export regulations which may affect supply chain dynamics.
- Potential innovations in nut-based products that could stimulate market growth.
