The Belgian market for bacon and other cured cuts saw fluctuations from 2013 to 2023. As of 2023, the per capita market size stood at €19.11, representing a notable rebound from a dip in 2020, which was driven by a reduction in consumer purchasing power and supply chain challenges during the COVID-19 pandemic. Year-on-year, there was a +14.47% increase from 2022 to 2023. Over the past five years, the market experienced a compound annual growth rate (CAGR) of +3.08%. This reflects a moderate yet consistent growth trajectory after past volatility.
Looking ahead, sustainable and locally sourced cured meats are anticipated to gain traction as consumers become increasingly conscious of environmental impacts and seek healthier options. Additionally, innovations in packaging and preservation are expected to enhance product longevity and appeal. Monitoring these trends will be crucial for stakeholders aiming to maintain growth in the Belgian market.
How does Belgium rank in Bacon and Other Cured Cuts Market Size Value Per Capita?
# | 15 Countries | Euros Per Capita | Last Year | |||
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1 | 1 Ireland | 66.23 | 2023 | View data | ||
2 | 2 Lithuania | 45.64 | 2023 | View data | ||
3 | 3 United Kingdom | 34.42 | 2023 | View data | ||
4 | 4 Latvia | 21.7 | 2023 | View data | ||
5 | 5 Belgium | 19.11 | 2023 | |||
6 | 6 France | 18.62 | 2023 | View data | ||
7 | 7 Romania | 15.83 | 2023 | View data | ||