The production of drinking milk in Belgium has seen fluctuating trends over the years. In 2023, the production stood at 645.17 thousand metric tons. Historically, there was a decline noted from 2013 to 2018, with slight upticks in 2015 and 2019; a more notable rise occurred in 2020. Over the last two years, there was a slight decline followed by a minimal increase in 2023. The CAGR over the past five years was -0.85%, reflecting a general downward trend. Future projections anticipate continued decline, with a forecasted CAGR of -0.64% by 2028.
Future trends to watch for:
- Impact of changing consumer preferences towards plant-based milk alternatives
- Technological advancements in dairy production and processing
- Government policies and economic factors influencing dairy farming subsidies
