The Fresh Poultry Meat Market Volume in Belgium has experienced varying growth rates over the past decade. The market reached 405.42 million kilograms in 2023, showing an average year-on-year growth rate of 2.96% from 2022. The five-year CAGR from 2019 to 2023 stood at 2.77%. Historically, there were periods of rapid expansion, such as in 2017 (13.74%), and contractions, notably in 2020 (-7.61%).
Future trends indicate a growth trajectory, with forecasted volumes reaching 461.94 million kilograms by 2028. The forecasted five-year CAGR from 2024 to 2028 is slightly more modest at 2.07%, indicating an overall 10.79% growth in the next five years.
Future trends to watch for:
- Changing consumer preferences towards healthier and sustainable food options.
- Impact of technological advancements in poultry farming and processing.
- Regulatory changes affecting the meat industry, including environmental and welfare standards.
- Global trade dynamics and their impact on local market supply chains.
- Potential disruptions from global health crises or economic factors.
