Fresh dairy products production in Belgium has shown some fluctuations over the past decade, starting at 1.5 million metric tons in 2013 and reaching 1.62 million metric tons in 2023. Between 2013 and 2023, the production experienced a Compound Annual Growth Rate (CAGR) between 0.54% and 2.05%. Recently, there has been a year-on-year increase of 2.29% from 2022 to 2023. Forecasts from 2024 onward predict continuous but modest growth, with a 5-year CAGR of 0.64% expected, reaching 1.69 million metric tons in 2028.
Future trends to watch for:
- Market responses to global economic conditions.
- Potential influence of environmental policies and sustainability trends on dairy farming.
- Impact of technological advancements in dairy production and supply chain efficiencies.