In 2023, the turnover in the seafood processing industry in Belgium stood at 798.1 million Euros. The forecasted data for the years 2024 to 2028 show consistent growth in this sector. In 2024, the turnover is expected to reach 821.3 million Euros, indicating a 2.9% increase from 2023. This upward trend continues with 845.8 million Euros in 2025, a 3% rise from 2024. By 2026, the forecast reaches 870.1 million Euros, reflecting another 2.9% growth. The industry is projected to continue this trend with a turnover of 894.3 million Euros in 2027 (2.8% increase from the previous year), and by 2028, it is expected to hit 918.2 million Euros, marking a 2.7% increase from 2027. Overall, the compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately 2.9%.
Future trends to watch for include increased sustainability efforts, advancements in processing technology, and potential impacts of regulatory changes and international trade agreements. Additionally, consumer preferences shifting towards healthier and more sustainable seafood options may drive further growth in this sector.
