The turnover in the Belgian meat processing sector is expected to grow steadily from 2024 to 2028. In 2023, the turnover stood at 6.56 billion Euros. The forecasted turnover for 2024 is 6.65 billion Euros, indicating a year-on-year increase of 1.37%. The following years also show consistent growth: 2025 at 6.74 billion Euros (up 1.35% from 2024), 2026 at 6.83 billion Euros (up 1.33% from 2025), 2027 at 6.91 billion Euros (up 1.17% from 2026), and 2028 at 6.99 billion Euros (up 1.16% from 2027). Over the five-year forecast period, the compound annual growth rate (CAGR) averages at approximately 1.27%.
Future trends to watch for include potential impacts from evolving consumer preferences towards plant-based diets, regulatory changes concerning meat processing standards, and technological advancements improving efficiency and sustainability within the sector.
