Based on the forecasted data, the per capita consumption of alcoholic beverages in Belgium is projected to increase steadily from 113.85 kg in 2024 to 116.92 kg in 2028. Here is the year-on-year variation:
- 2024-2025: 0.69%
- 2025-2026: 0.68%
- 2026-2027: 0.66%
- 2027-2028: 0.64%
The Compound Annual Growth Rate (CAGR) for the period 2024-2028 is 0.68% per year.
Looking forward, it is essential to watch for shifts in consumer preferences towards low-alcohol and non-alcoholic beverages, increased regulatory measures, and potential impacts of economic conditions on discretionary spending. These factors might influence the growth trajectory of the alcoholic beverages market in Belgium.
