In 2023, the final consumption of biogases in the food, beverages, and tobacco sectors in Belgium stood at 1,280 Terajoules. This marked a year-on-year variation of 5.9%. From 2013 to 2023, the sector experienced fluctuations with notable peaks in 2015 and a consistent upward trend from 2017 onwards. The compound annual growth rate (CAGR) for the last five years, 2018-2023, stood at 7.54%, indicating a period of robust and steady growth.
Looking forward, the forecasted data from 2024 to 2028 suggests a continuation of this upward trend, albeit at a slightly moderated pace with a forecasted five-year CAGR of 3.78%. Total forecasted growth over this period is 20.4%, showing a strong but stabilizing market.
Future trends to watch for include advancements in biogas technology, regulatory changes promoting renewable energy, and increased adoption driven by sustainability goals within the food, beverages, and tobacco sectors. Continuous monitoring of these factors will be essential for anticipating market developments in the coming years.