Between 2014 and 2023, the meat market in Belgium showed significant fluctuations in volume. The market volume decreased from 660,000 metric tons in 2014 to 621,000 metric tons in 2023, showing a general downward trend with occasional spikes such as in 2016. The compound annual growth rate (CAGR) over the last five years was -0.22%, reflecting the market's slow decline. Notable year-on-year variations include a sharp increase of 24.28% in 2016, followed by a significant decrease of 19.92% in 2017. More recently, variations have been relatively minor, hovering around -0.48% annually.
Looking ahead, the meat market volume in Belgium is forecasted to decline at a CAGR of -0.36% from 2024 to 2028, resulting in an overall decrease of 1.78% over five years. Future trends to watch for include shifts in consumer preferences towards plant-based diets and potential regulatory changes impacting meat production. Additionally, the sustainability and environmental impact of meat consumption could further influence market dynamics.
