The forecasted sold production of frozen fruits and nuts in Belgium, expressed in million kilograms, indicated a declining trend from 2023 to 2028. As of 2023, the production stood at 31.967 million kilograms, reflecting a slight contraction from the previous year's value. The year-on-year variation for 2023 showed a decrease of 1.81%, following a similar trend in 2022 with a 1.79% decline. Over the last five years leading up to 2023, the average annual growth rate (CAGR) was 11.87%, showcasing substantial growth momentum earlier in the decade. However, moving forward, the industry is expected to experience a negative CAGR of -1.5%, translating to a total decline of 7.27% by 2028.
Future trends to watch for include potential impacts of climate change on raw material availability, shifts in consumer preferences toward fresh produce over frozen options, and potential regulatory changes affecting agricultural practices and import/export dynamics. Additionally, advancements in freezing technology and supply chain efficiencies may counterbalance some of the anticipated declines.
