Processed cheese production in Belgium has seen a significant decline from 2014 to 2023. The volume stood at 41.13 thousand metric tons in 2014 and decreased to 16.67 thousand metric tons in 2023. Key variations include steep declines in 2019 (-37.34%) and 2020 (-48.42%), partially countered by a slight recovery in 2021 (30.25%) and 2022 (5.37%), before another dip in 2023 (-2.29%). The last five years exhibit a CAGR of -15.4%, indicating a strong downward trend over this period.
Future forecast from 2024 to 2028 predicts a further contraction, with a 5-year CAGR of -10.27% and an overall decline of 41.83% by 2028. Production volume is expected to fall to 8.54 thousand metric tons by 2028.
Future trends to watch for include:
- Changing consumer preferences and dietary trends toward natural and unprocessed foods.
- Potential impact of regulatory changes and production costs.
- Innovation and marketing efforts by producers to revitalize demand.
- Environmental considerations and sustainability measures affecting production processes.
