Forecast: Sold Production of Fresh Bread in Belgium

The fresh bread market in Belgium experienced fluctuations in sold production value from 2013 to 2023. Notably, there was a significant drop between 2013 and 2016, with a steady rebound starting in 2017. By 2023, the value stood at 548.57 Million Euros. Year-on-year variations highlight the initial decline between 2015 and 2016, followed by growth from 2017 onwards. The last two years showed positive growth rates of 1.43% and 1.38% respectively. The Compound Annual Growth Rate (CAGR) over the last five years was 3.32%. Future trends from 2024 onwards forecast a moderate growth rate of 1.02% CAGR, expecting a continuous increase up to 584.77 Million Euros by 2028.

Future trends to watch for:

• Shifts in consumer preferences towards healthier and artisanal bread options

• Potential impacts of economic fluctuations and inflation

• Technological advancements in baking and supply chain efficiencies

• Increasing focus on sustainability and locally-sourced ingredients