The price per unit of Margarine and Low Fat Spreads in Belgium experienced a notable decrease from 2011 to 2013, dropping by approximately 22.5% over these years. From 2014 onwards, the market saw fluctuations with a general uptick, peaking in 2018 at €1.95 per kilogram. A slight decline followed, with values gradually reducing to €1.81 in 2021. Over the last two years, there was a modest decrease of about 2.6% from 2021. The Compound Annual Growth Rate (CAGR) over the past five years stands at approximately 0.93%, indicating a slight upward trend.
Future trends to watch for:- Consumers' increasing demand for healthier and plant-based alternatives.- Potential impact of inflation and supply chain issues on prices.- Introduction of innovative low-fat spread products targeting health-conscious individuals.- Shifts in consumer preference due to diet and lifestyle changes.Monitoring these factors can provide insights into the potential price movements and market dynamics in the coming years.
