Prepared Meals Market Size Value Per Capita in Belgium

The prepared meals market in Belgium has experienced fluctuations in its value per capita over the past decade. Between 2012 and 2016, the market saw a steady increase, peaking at 60.56 Euros per capita in 2016. A slight decline followed in 2017 and 2018, with values dropping to 58.4 and 57.13 Euros per capita, respectively. The market then stabilized around 58-59 Euros per capita between 2019 and 2020, with a notable upturn in 2021 and 2022, reaching a value of 62.54 Euros per capita by 2022. The year-on-year variation from 2021 to 2022 was approximately 0.27%, indicating a stable market condition. The compound annual growth rate (CAGR) from 2018 to 2022 was around 1.69%, showing moderate growth over the past five years.

For 2023, the market stands at a value of approximately 63 Euros per capita, reflecting a continued upward trend. In forecasting future trends, we should monitor:

- The impact of rising health consciousness among consumers.- Economic factors influencing disposable income and spending on convenience foods.- Potential advancements in product offerings and sustainability initiatives by manufacturers.- The role of e-commerce and digital grocery shopping in driving prepared meals consumption.