Between 2013 and 2023, the short margarine production in Belgium exhibited fluctuations. While the production volume in 2023 stood at approximately 467.22 thousand metric tons, the trends showed variations with the highest year-on-year growth observed in 2015 at 37.41%. The last two years saw steady, modest increases, with 1.07% in 2022 and 1.04% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) was 1.5%, indicating a generally stable upward trend.
Looking forward, the production is forecasted to continue its steady climb, reaching 492.23 thousand metric tons by 2028. The future forecasted CAGR over the next five years stands at 0.82%, suggesting further moderate growth. Key trends to monitor include shifts in consumer preferences towards healthier alternatives, sustainability initiatives, and potential regulatory changes impacting the margarine industry.
