The Belgian poultry meat market showed significant fluctuations between 2013 and 2023, starting at 348.77 million kilograms in 2013 and reaching 497.06 million kilograms in 2023. Notable trends include a substantial increase of 33.4% from 2013 to 2014, followed by a period of contraction and modest growth until 2021. The last two years before 2024 saw steady growth with year-on-year increases of 2.41% in 2022 and 2.33% in 2023. The compound annual growth rate (CAGR) over the last five years stands at 3.74%.
Looking ahead, the market is expected to grow at a slower pace with an anticipated 5-year CAGR of 1.66%, culminating in an 8.6% total growth from 2024 to 2028. This suggests a steady but moderate increase in demand for poultry meat in Belgium over the forecast period.
Future trends to watch for include potential impacts from changing consumer preferences, advancements in sustainable farming practices, and the influence of health and environmental regulations. Monitoring technological advancements in production and the market's response to economic shifts will be essential for understanding future dynamics.
