The data indicates a significant upward trend in the sold production of food products with cocoa in Belgium, reaching 17.985 million kilograms in 2023. The market exhibited notable volatility across several years with a peak in 2021 at 19.629 million kilograms, followed by a slight decline in 2022. The year-on-year variation highlights substantial growth in 2020 and 2021, with increases of 10.24% and 31.14% respectively. Conversely, a notable decline occurred in 2022 with an 11.04% drop. In 2023, growth stabilized at 3%, resulting in a five-year CAGR of 6.16%.

Future trends to watch for:

Growth in the production of food products with cocoa is forecasted to continue, with expected increases reaching 20.525 million kilograms by 2028.
The forecasted five-year CAGR from 2024 to 2028 is anticipated to be 2.1%, indicating a moderate but steady growth rate.
Market players should monitor potential market shifts and evolving consumer preferences that might impact production volumes.