In the Belgian soft drinks sector, production value saw significant fluctuations between 2013 and 2023. After a decline from 1.78 billion euros in 2013 to 1.5 billion euros in 2016, there was a marked recovery with increasing values reaching 2.75 billion euros by 2023. Notably, production experienced substantial growth between 2018 and 2019, with a notable increase of 39.9%. The year-on-year growth rates in the past two years were relatively stable at 3.15% in 2022 and 3.01% in 2023. The compound annual growth rate (CAGR) from 2018 to 2023 was 7.64%, indicating consistent growth.
Looking forward, forecasted data from 2024 to 2028 suggests a continued upward trend in production value. The sector is expected to grow at a 2.07% CAGR over these five years, with a total growth rate of 10.81% by 2028. Observing future trends, factors such as consumer preferences for healthier options, potential regulatory impacts, technological advancements, and market innovation will be crucial in shaping the sector’s trajectory.
