The per capita consumption of margarine and low-fat spreads in Belgium has shown a downward trend from 2013 to 2023, decreasing from 7.16 kg to 4.69 kg per capita, indicating a significant decline over the decade. Analysis of recent years shows a year-on-year reduction of approximately 3.8% from 2022 to 2023 and a 3.3% reduction from 2021 to 2022. Over the past five years, the compound annual growth rate (CAGR) stands at -5.0%, indicating a consistent decline in consumer demand for these products.
Future trends to watch for:
- Increasing health consciousness may continue to drive down consumption.
- Potential for growth in plant-based or organic spreads as consumer preferences shift.
- Product innovation and marketing may influence future market changes and stabilization.