The sold production of meat and poultry meat products in Belgium has shown a growth trend from 2013 to 2023, reaching 2.1917 billion euros in 2023. The year-on-year variation over this period shows fluctuations, with significant growth rates of 9.09% in 2019 and 5.25% in 2020. The compound annual growth rate (CAGR) over the last five years stands at 3.01%, indicating a healthy upward trajectory.
Future trends to watch for include:
- Continued growth projected at a CAGR of 1.5% over the next five years, reaching 2.4086 billion euros by 2028.
- Potential market shifts influenced by changing consumer preferences towards sustainable and plant-based meat alternatives.
- Regulatory changes and health concerns impacting meat production and consumption patterns.
- Technological advancements in production techniques could enhance efficiency and product quality.
