In 2023, the unconcentrated fruit or vegetable juice market size in Belgium stood at 29.705 million Euros. Forecasts for 2024 to 2028 reveal a consistent decline in market value, with annual decreases ranging between 1.3% and 2.4%. This results in an average annual contraction, or CAGR, of approximately 1.6% over the five-year period. Such a trend highlights a steady downturn in the market.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier or alternative beverage options.
- Potential impacts of economic factors, such as inflation and disposable income variations, on consumer buying behavior.
- Innovations in juice formulations or packaging that might eventually boost market demand.