The meat processing industry in Belgium has shown substantial growth over the past decade, with a significant increase from 14.0 thousand metric tons in 2014 to 36.0 thousand metric tons in 2023. Particularly notable are the significant year-on-year fluctuations, such as the 153.85% rise in 2017 and the subsequent more stabilized growth rates averaging 3.71% CAGR in the five years leading up to 2023. As of 2023, the volume of processed meat stood at 36.0 thousand metric tons.
From 2024 onwards, forecast data suggests a steady growth pattern with a projected 2.57% CAGR and a total growth rate of 13.51% over the next five years, leading to an estimated volume of 42.0 thousand metric tons by 2028. The industry is expected to continue expanding, albeit at a moderate pace.
Future Trends to Watch For:
- Technological advancements in processing techniques that improve efficiency and product quality.
- Increasing consumer demand for plant-based and alternative meat products impacting the traditional meat processing market.
- Regulatory changes and sustainability initiatives influencing production practices.
- Potential geopolitical factors affecting supply chains and export markets.
