From 2013 to 2023, the soft drinks market in Belgium saw fluctuating volumes. The volume peaked in 2014 but then progressively declined until 2021, where it reached the lowest at 650.47 million liters. In 2022, there was a slight recovery, and by 2023, the volume stood at 653.61 million liters. The forecasts from 2024 to 2028 project minimal growth, with the volume reaching 657.85 million liters by 2028.
Over the last two years to 2023, the market experienced minor year-on-year increases of 0.35% and 0.13%. However, the average variation per year over the last five years (CAGR) was -3.71%, indicating a general decline. Looking ahead, the forecasted 5-year CAGR from 2024 to 2028 is 0.1%, suggesting a stabilization with a slight growth trend.
Future trends to watch for include potential shifts in consumer preferences towards healthier beverage options, regulatory changes impacting the soft drink industry, and innovations in product offerings that could influence market dynamics. Sustainability trends might also affect production practices and market positioning in the coming years.
