The production of food and beverages in Belgium has shown a positive trend from 2013 to 2023, escalating from 38.79 billion euros in 2013 to 47.99 billion euros in 2023. Over these years, the year-on-year growth has fluctuated, with notable growths in 2017 (5.46%) and 2021 (7.42%). The CAGR over the last five years stands at 1.94%, indicating steady although moderate growth.
Looking into the forecast period beginning from 2024, production is expected to continue rising, reaching 52.64 billion euros by 2028. The five-year CAGR from 2023 to 2028 is projected to be around 1.45%, with a total growth rate of 7.49% in this period.
Future trends to watch include shifts in consumer preferences towards sustainable and organic products, advances in food production technology, and potential impacts of international trade policies on local production. Monitoring these factors can provide insights into the production landscape and emerging opportunities in Belgium's food and beverage industry.