The olive oil market size volume per capita in Belgium stood at 1.25 kilograms in 2023. The forecast from 2024 to 2028 indicates a stable volume per capita, remaining consistent at 1.25 kilograms annually. This suggests no year-on-year variation in the forecast period and an average CAGR of 0% over the next five years, highlighting a market with no expected growth in per capita consumption.
Future trends to watch for:
- Shifts in consumer preferences towards alternative cooking oils.
- Potential influence of health trends promoting olive oil's benefits.
- Market penetration of premium and specialty olive oil varieties.
- Impact of economic factors on household purchasing power and consumption patterns.