In analyzing the turnover in the Fruit Processing and Vegetables Processing Sector in Belgium, the sector demonstrated fluctuating performance between 2013 to 2023, with a noteworthy peak in 2017 at €5.21 billion. By 2023, the turnover stood at €4.67 billion. From 2024 onwards, a downward trend is forecasted, with expected values decreasing progressively to €4.41 billion by 2028. Year-on-year variations showed significant volatility, ranging from a high of 14.3% in 2013 to a low of -12.94% in 2018. The Compound Annual Growth Rate (CAGR) over the 2019-2023 period was 0.59%, whereas the forecasted CAGR over the 2024-2028 period is -0.91%.
Future trends to watch for include the impact of technological advancements on production efficiency, shifts in consumer preferences toward healthier options, and the effects of global trade policies and climate change on raw material availability and costs.
