The Belgian ice cream and other edible ice market has experienced fluctuating growth over the past decade, marked by notable peaks and troughs. The market saw a significant growth rate from 2013 to 2018, with standout years being 2015 and 2018 showing 14.62% and 6.33% year-on-year increases, respectively. However, the period from 2019 to 2021 saw a downturn, with 2021 recording a substantial decrease of 9.85%. In 2022, the market rebounded with an 11.67% increase, followed by a moderate growth of 1.63% in 2023, where the sold production stood at 346.32 million euros.
Forecasts suggest a steady, albeit modest, growth trajectory, with a predicted 1.19% CAGR from 2023 to 2028, culminating in a forecasted value of 373.2 million euros by 2028. The overall growth rate for this period is expected to be 6.08%.
Future trends to watch for:
- Consumer preferences shifting towards healthier and premium ice cream products.
- Impact of environmental sustainability initiatives on production practices.
- Influence of climate change on seasonal demand fluctuations.
