The whisky market in Belgium exhibited a value per capita of 3.70 Euros in 2023. Analyzing the forecasted values from 2024 to 2028 reveals a consistent decline in the market size value per capita. Specifically, 2024 starts with 3.57 Euros, dropping to 3.07 Euros by 2028. The year-on-year variations illustrate a downward trend, with a -3.64% change from 2024 to 2025, -3.78% from 2025 to 2026, -3.63% from 2026 to 2027, and -3.77% from 2027 to 2028. Over the five-year forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is -3.70%, exemplifying a steady reduction in per capita market value.
Future trends to watch for in the Belgian whisky market include consumer preferences shifting towards premium or craft alternatives, regulatory changes affecting alcohol consumption, and the influence of economic factors on disposable income and spending behavior on whisky.
