The margarine and low-fat spreads market in Belgium saw a volume of 54.993 million kilograms in 2023. Over the past years, the market has witnessed a general decline. From 2013 to 2018, there was significant volatility, culminating in a notable drop in 2018. More recently, the market has continued to decline, with moderate year-over-year variations. Between 2019 and 2023, the compound annual growth rate (CAGR) fluctuated around -1.03%, indicating a consistent downtrend. Projections for 2024 to 2028 anticipate continued decrease, with an average annual decline of about -1.74%, resulting in an 8.42% reduction by 2028.
Future trends to watch for include:
- Consumer preferences shifting towards healthier and more natural alternatives.
- Market innovations and product reformulations aiming to meet demand for health benefits.
- Potential impact of regulatory changes affecting the food industry.
- Sustainability and environmental concerns influencing manufacturing practices.
