From 2013 to 2023, the production value of the Belgian restaurant and mobile food service industry increased from €6.77 billion to €10.44 billion, with some short-term fluctuations. The industry faced a sharp decline in 2019 and 2020, with the value dropping to €8.24 billion and €6.87 billion, respectively, while rebounding strongly in 2021. The most recent years showcased a steady upward trend with the value standing at €10.44 billion in 2023.
The year-on-year variation in 2022 was 9.51%, reflecting robust recovery post the pandemic. The average annual growth (CAGR) over the past five years from 2019-2023 is 2.54%, indicating moderate but consistent recovery and growth.
For the forecast period from 2024 to 2028, the production value is expected to continue growing, reaching €12.23 billion by 2028, with an anticipated 5-year CAGR of 2.51%.
Future Trends to Watch:
• Continued recovery from pandemic lows and stabilization in production value
• Potential impacts from emerging food service technologies and consumer preferences
• Economic factors including inflation and shifts in disposable income might affect growth rates
