From 2013 to 2023, Belgium's sold production of fruit and vegetable juice mixtures experienced an overall downward trend. In 2013 the production volume was at 60.591 million liters and it gradually declined to 37.799 million liters in 2023. Year-on-year variations indicate fluctuating changes with significant decreases in 2015, 2016, 2021, and 2023. Notably, from 2021 to 2023, the production saw declines of 12.25%, 1.36%, and 6.38% respectively. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 stands at -3.51%, reflecting a consistent reduction in production volume.
Looking ahead, the forecasted data predicts a continuing decline in production, expected to reach 25.302 million liters by 2028. The forecasted 5-year CAGR is anticipated at -6.42%, indicating a significant drop by 28.22% over the next five years. Future trends to monitor include changes in consumer preferences, potential shifts towards healthier or organic options, and any regulatory changes that may impact production practices or market demand.
