Belgium's ice cream sold production has shown fluctuations over the past decade, starting from 160.56 million liters in 2013 and gradually increasing to 190.68 million liters in 2023. Notable high growth years were 2015 and 2016, with year-on-year variations of 16.85% and 7.85%, respectively. However, the production dipped significantly in 2021 with a decrease of 11.53%. The compound annual growth rate (CAGR) has varied widely from -2.05% to 5.39%, underscoring an inconsistent trend.
Future trends predict a steadier growth with forecasted production reaching 200.79 million liters by 2028, translating to a 5-year CAGR of 0.82%. This suggests a moderate but positive progression in the industry despite previous fluctuations.
Future trends to watch for include:
- Impact of health and wellness trends on ice cream consumption.
- Potential growth in premium or artisanal ice cream products.
- Influence of climate change on raw material availability.
- Technological innovations in production and distribution.
