The vinegar market size in Belgium has seen a downward trend from 2013 to 2023, decreasing from 8.8705 million euros in 2013 to 6.8286 million euros in 2023. The year-on-year variations show fluctuations, with a notable decrease of 12.6% in 2015. The last two years witnessed a slight decline of approximately 1.18% each year. The CAGR over the last five years (2018-2023) shows an average annual decrease of 2.39%. Forecasts predict the market will continue to shrink, with a projected value of 6.445 million euros by 2028, reflecting an average annual decline (CAGR) of 0.92% over the 2024-2028 period.
Future trends to watch for include shifts in consumer preferences towards premium and organic vinegar, potentially impacting market dynamics. Additionally, innovations in packaging and increased health-consciousness among consumers may influence market growth positively. Monitoring these trends could provide opportunities for slight market recovery or stabilization.
