Forecast: Pork Demand in Belgium

The demand for pork in Belgium is projected to decrease gradually over the upcoming five years, from 2024 to 2028. In 2023, the actual demand stood at 325.0 thousand metric tons, highlighting a noticeable trend of declining consumption. Year-on-year analysis shows a steady decline: 0.62% decrease from 2024 to 2025, 0.94% decrease from 2025 to 2026, 0.63% from 2026 to 2027, and 0.64% from 2027 to 2028. Over the last two years, the projected annual contraction in demand is 0.64%. The 5-year Compound Annual Growth Rate (CAGR) indicates an average annual decrease of 0.79%.

Future trends to watch for:

  • Shifts in consumer preferences towards alternative proteins and plant-based diets.
  • Impact of health and environmental concerns on meat consumption.
  • Economic factors affecting purchasing power and spending patterns.
  • Potential changes in trade policies and regulations impacting pork supply and prices.

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