The processed fish market, excluding whole or in pieces and prepared meals and dishes, in Belgium reached a market size value of 48.741 million euros in 2023. The sector experienced fluctuating growth patterns from 2013 to 2023, with an overall stable trend as indicated by a slight increase over the years. From 2022 to 2023, the market witnessed a year-on-year growth rate of 0.31%. The five-year compound annual growth rate (CAGR) was moderate at 0.53%, reflecting consistent performance in recent years.

Future trends to watch for:

Increasing consumer preference for healthier options, potentially boosting demand for processed fish products with low preservatives.
Innovation in processing techniques and packaging that could enhance product quality and shelf life.
Impact of sustainable sourcing practices on consumer buying behavior and market dynamics.
Potential market expansion due to rising awareness and consumption of seafood as a protein source.