Forecast: Fresh Whole Chickens Market Size Value in Belgium

Analysis of the Fresh Whole Chickens market in Belgium reveals that the market size stood at 163.84 million Euros in 2023. Over recent years, the market witnessed a significant downward trend. Specifically, the year-on-year decrease from 2021 to 2022 was 2.13%, and from 2022 to 2023, it was 2.15%. The compound annual growth rate (CAGR) over the last 5 years has been -3.2%, indicating a consistent decline in market value year over year.

From 2013 to 2017, the market experienced some periods of growth and shrinkage, with CAGR gradually turning negative by 2019. Since 2020, economic or market conditions have contributed to a sharper decline.

Forecasted data predicts this downward trend will continue, with the market anticipated to decline at a CAGR of -1.8% over the next five years, resulting in a forecast market value of 146.35 million Euros by 2028. This translates to an 8.68% decrease in market value compared to 2023.

Future trends to watch for:

• Potential impact of changes in consumer preferences towards alternative proteins.
• Effect of inflation and economic pressures on consumer spending.
• Regulatory changes related to poultry farming and import-export policies.
• Technological advancements in poultry farming and supply chain efficiency.