From 2013 to 2017, the fruit and vegetable processing turnover in Belgium exhibited steady growth, peaking in 2017 at 5.21 billion euros. Despite a sharp decline in 2018, the market rebounded by 2019, followed by fluctuations through 2023 where it stood at 4.77 billion euros, showing a slight decline from 2022. Year-on-year changes indicate notable volatility; for instance, a significant drop in 2018 (-12.94%) followed by a recovery in 2019 (10.99%) and varying fluctuations thereafter. The overall 5-year CAGR indicates a minimal average annual growth rate of 0.98% up to 2023. The forecast from 2024 to 2028 suggests a downward trend with a forecasted 5-year CAGR of -0.54%.
Future trends to watch for include:
- Economic factors affecting consumer spending on processed foods.
- Technological advancements in processing and preservation.
- Shifts in dietary preferences towards fresh or minimally processed foods.
- Potential impacts of sustainability practices on the industry.
- Regulatory changes that could influence production and sales dynamics.
