In 2023, the sold production of spirits, liqueurs, and other spirituous beverages in Belgium stood at 52.723 million Euros. As of 2024, this figure remains unchanged. By 2025, it is forecasted to grow by 1.6% from the previous year, reaching 53.562 million Euros. Continuing this upward trend, the value is expected to increase by approximately 1.6% year-on-year, culminating in a projected 56.032 million Euros in 2028. Remarkably, the compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is estimated to be close to 1.6%.
Future trends to watch for:
• Economic factors influencing consumer spending on luxury and leisure goods.• Shifting consumer preferences towards premium and artisanal spirits.• Impact of regulatory changes on production and sales.• Influence of sustainability and local production trends on brand value.
