In 2023, the actual sold production of cocoa paste in Belgium stood at 75 million Euros. From 2024 onward, the forecasted values show a consistent upward trend: 85.064 million Euros in 2024, 95.84 million Euros in 2025, 106.51 million Euros in 2026, 117.07 million Euros in 2027, and 127.53 million Euros in 2028. Analyzing year-on-year variations, we observe increments of 13.3% from 2024 to 2025, 11.1% from 2025 to 2026, 9.9% from 2026 to 2027, and 8.9% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 11.1%.
Future trends to watch for include potential impacts of global cocoa supply chain fluctuations, changes in international trade policies, and evolving consumer preferences towards cocoa-based products. Additionally, sustainable and ethically sourced cocoa may become more prominent, influencing both production practices and market pricing.
