From 2013 to 2023, Belgium's ice cream market showed a compound annual growth rate (CAGR) of 3.87%, marking a rise from €177.77 million to €241.76 million. The highest spike was in 2016, with a 22.97% increase, while notable declines occurred in 2015 (-1.7%) and 2017 (-6.81%). Recent years saw more stable growth, with a 12.36% rise in 2022 and a 2.94% increase in 2023.
Future market projections indicate a CAGR of 2.06% from 2024 to 2028, translating into a 10.74% growth by 2028. Factors to watch include shifts in consumer preferences, premium product trends, and the impact of health-conscious choices. This moderate growth highlights stability with gradual expansion influenced by market dynamics and consumer trends.
