Between 2013 and 2023, the sold production of fruit and vegetable juice in Belgium has shown variability with significant peaks and troughs. Initial years witnessed growth, peaking in 2014 with a substantial year-on-year increase of 16.51%. However, from 2015 to 2021, the market saw a consistent decline, with notable drops in 2016, 2020, and 2021. A remarkable rebound occurred in 2022 with a 53.82% surge, stabilizing with a moderate 4.44% increase in 2023, where the production stood at 172.86 million euros. Though the five-year CAGR before 2023 was variable, recent trends indicate a positive trajectory stabilizing around a 5.09% CAGR by 2023.
Looking ahead, the forecast data from 2024 to 2028 suggests a steady but moderate growth with a 1.25% CAGR and an overall increase of 6.43% over five years. This indicates a more stable market environment with cautious optimism.
Future trends to watch for:
- Market stabilization post-2023 indicating reduced variability.
- Potential influences from health trends promoting natural juices.
- Impacts of global supply chain dynamics and potential regulatory changes in the food and beverage industry.
