The vinegar market size in Belgium exhibited a declining trend from 2012 to 2022. Starting at 9.22 million euros in 2012, it fell to 6.91 million euros by 2022. This decrease reflects significant year-on-year fluctuations, with notable drops in 2015 (-12.6%) and 2016 (-8%), followed by a brief recovery in 2017 (+7.25%) and 2018 (+4.91%). However, the market faced declines again in 2019 (-8.82%) and 2021 (-1.2%), and a continued decline in 2022 (-1.19%). The negative CAGR trends over various periods indicate an overall downward trajectory, with the last five years showing an average annual decline of -1.22%.
Future trends to watch for include:
- An increased demand for organic and flavored vinegars as consumer preferences shift towards healthier and more diverse food options.
- Potential market stabilization or growth driven by consumer interest in culinary experimentation and home-based cooking.
- Innovations and new product launches in the vinegar segment to reignite market interest and demand.
How does Belgium rank in Vinegar Market Size Value?
| # | 13 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 291,210,000 | 2023 | +4.33% | +3.58% | View data |
| 2 | 2 France | 192,880,000 | 2023 | +2.51% | +2.79% | View data |
| 3 | 3 United Kingdom | 150,130,000 | 2023 | +2.42% | +3.8% | View data |
| 4 | 4 Spain | 101,510,000 | 2023 | +1.36% | +2.37% | View data |
| 5 | 5 Poland | 28,411,000 | 2023 | +0.85% | +2.77% | View data |
| 8 | 8 Bulgaria | 10,710,000 | 2023 | +3.93% | +5.53% | View data |
| 9 | 9 Croatia | 9,341,100 | 2023 | +4.52% | +4.62% | View data |
| 10 | 10 Belgium | 6,828,600 | 2023 | -1.18% | -2.39% | |
| 11 | 11 Denmark | 5,481,900 | 2023 | +0.36% | -0.91% | View data |
| 12 | 12 Lithuania | 3,138,200 | 2023 | +3.19% | +4.9% | View data |
