Analysis: Goat meat slaughterings in Belgium have demonstrated a notable upward trend from 2013 through 2023, rising from 110 MT to 420 MT. The years 2013 through 2018 marked significant growth, with a peak increase of 39.29% in 2018. However, 2019 and 2020 saw slower growth and a decline, respectively. Recovery followed in 2021 and 2022, each showing a modest 2.56% rise. By 2023, the market reached 420 MT with a year-on-year increase of 5%, although the 5-year CAGR stood at 1.49%, signifying a slowdown in growth.
Forecast: Projected figures from 2024 to 2028 indicate consistent growth, reaching 530 MT by 2028. The forecasted 5-year CAGR is 3.79%, suggesting a steady but moderate increment in the market. The total growth rate over this period is estimated at 20.45%.
Future trends to watch for:
- Sustainable farming practices and their impact on production.
- Changes in consumer preferences and demand for goat meat.
- Influence of economic factors on meat consumption trends.
- Technological advancements in slaughtering and processing.
