Over the past decade, the soft drinks market size in Belgium has exhibited considerable fluctuations. Between 2012 and 2014, the market volume saw a significant rise, ending 2014 on a high as compared to the previous years. Post-2014, the market volume showed a varying trend but overall a consistent downward trajectory, with only minor rebounds. This downswing continued until 2021, where the market hit a low of 650.47 million liters. However, in 2022, there was a modest uptick of 0.46% which broke the continuous decline. The volume for 2023 is yet to be established but is crucial for determining market recovery or continued regression.
Key year-on-year variations include a notable dip of 6.22% in 2013, a spike of 13.29% in 2014, and a significant decline in 2017 by 9.37%. For the past five years, ending in 2022, the Compound Annual Growth Rate (CAGR) was -4.63%, indicating a consistent average yearly decline. Over the last two years up to 2022, the market saw a slight positive change, marking the initial signs of stabilization.
Future trends to watch for include the potential effects of health-conscious consumer behavior, sustainability practices, and innovations in low-sugar and functional beverages. These factors could play pivotal roles in shaping the trajectory of Belgium's soft drink market in the coming years.
How does Belgium rank in Soft Drinks Market Size Volume?
| # | 19 Countries | Liters | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 22,810,000,000 | 2023 | +1.56% | +0.41% | View data |
| 2 | 2 France | 15,616,000,000 | 2023 | +0.67% | +0.96% | View data |
| 3 | 3 Spain | 13,270,000,000 | 2023 | +0.6% | -0.79% | View data |
| 4 | 4 United Kingdom | 12,491,000,000 | 2023 | +1.5% | +1.61% | View data |
| 5 | 5 Poland | 9,276,600,000 | 2023 | +1.69% | +1.05% | View data |
| 13 | 13 Slovakia | 1,002,400,000 | 2023 | +0.07% | -0.43% | View data |
| 14 | 14 Finland | 715,750,000 | 2023 | +0.7% | +1.16% | View data |
| 15 | 15 Belgium | 653,610,000 | 2023 | +0.13% | -3.71% | |
| 16 | 16 Croatia | 590,100,000 | 2023 | +0.093% | -2.89% | View data |
| 17 | 17 Lithuania | 430,900,000 | 2023 | +1.65% | +0.21% | View data |
