The Belgian beef meat market has seen a gradual decline in volume over the past decade. In 2014, the volume stood at 141 thousand metric tons, and by 2023, it had decreased to 133 thousand metric tons. Notable declines occurred in 2015 (-2.13%) and 2016 (-2.9%), while 2018 showed a brief uptick (+3.03%). The last five years reflected a slight contraction with a CAGR of -0.45%, indicating a steady but slow decrease.
Future trends suggest a continued mild decline with a forecasted CAGR of -0.3% from 2024 to 2028. Close attention should be paid to factors such as changing consumer preferences, potential shifts towards plant-based diets, and regulatory changes impacting meat production and consumption.
- 2014-2023: Gradual decline from 141 to 133 thousand metric tons (CAGR: -0.45%)
- 2023-2028 Forecast: Continued decline to 131 thousand metric tons (CAGR: -0.3%)
