The production value of food and beverage services in Belgium has demonstrated a general upward trend from 2013 to 2023, starting at €10.29 billion and reaching €12.91 billion in 2023. This growth trajectory witnessed fluctuations, notably a decline in 2019 and a significant drop in 2020 due to the pandemic. However, a recovery began in 2021 with consistent growth rates of 10.02% in 2022 and 7.25% in 2023. The Compound Annual Growth Rate (CAGR) for 2013 to 2023 stood at -0.17%, primarily impacted by the sharp dip in 2020.

Looking ahead from 2024 onwards, the forecasted CAGR over the next five years is 2.01%, indicating a more stable and positive growth phase. By 2028, the sector is expected to reach €14.66 billion, reflecting an overall growth rate of 10.46% from 2023.