The employment in the Cocoa, Chocolate and Sugar Confectionery Sector in Belgium has shown a generally upward trend from 2013 to 2023. In 2023, the employment stood at 8.61 thousand Full-Time Equivalents, experiencing a year-on-year growth of 1.77%. Over the past five years (2018-2023), the Compound Annual Growth Rate (CAGR) was 1.57%. The sector has experienced a mix of fluctuations, with significant growth bursts such as in 2021 at 10.56%, and a notable decline in 2020 by -8.58%. The forecast from 2024 to 2028 suggests a steady annual growth with a 5-year CAGR of 1.3%, predicting the employment to rise to 9.34 thousand by 2028.
Future trends to watch for include advancements in automation and technology within the sector, which may impact labor needs. Additionally, shifts in consumer preferences towards healthier and sustainable products may drive changes in employment dynamics as companies adapt to new market demands.
