Based on the forecasted data, horse meat production in Belgium is expected to decline steadily from 2024 through 2028. The production values show a continuous downward trend, starting at 1.13 thousand metric tons in 2024 and falling to 0.68676 thousand metric tons by 2028. In the previous years, 2023 stood at 1.255 thousand metric tons. Year-on-year variations exhibit a negative trend with a noticeable decline between 2024-2025 at approximately -9.73%, and 2025-2026 at about -11.24%. Over the last two years, the decline is even more pronounced at -12.20% between 2026-2027, followed by a -13.62% fall from 2027-2028. The Compound Annual Growth Rate (CAGR) over the forecasted period reveals an average annual decrease of -11.50%.
Future trends to watch for in the horse meat sector include the impact of changing consumer preferences, potential regulatory changes, and competitive pressures from alternative protein sources. Monitoring these factors will be crucial in understanding long-term market dynamics.
