From 2013 to 2023, the Belgian soups and broths market experienced a general declining trend in volume, reaching 30.764 million kilograms in 2023. Year-on-year analysis indicates notable declines, particularly between 2021 and 2022. The Compounded Annual Growth Rate (CAGR) over the last five years was -2.39%, reflecting the consistent decrease in market size.
Future trends to watch for include potential market stabilization as consumers demand healthier and more convenient options. Innovation in product range, including plant-based and organic soups, could entice new market segments, potentially mitigating the overall volume decline and fostering growth opportunities. Additionally, sustainability and packaging may become significant influencers in consumer purchasing decisions.
How does Belgium rank in Soups and Broths and Preparations Thereof Market Size Volume?
| # | 13 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 299,020,000 | 2023 | -0.91% | +1.64% | View data |
| 2 | 2 Spain | 244,810,000 | 2023 | +3.85% | +3.66% | View data |
| 3 | 3 Germany | 203,510,000 | 2023 | +0.83% | +0.8% | View data |
| 4 | 4 France | 198,940,000 | 2023 | -3.15% | +2.03% | View data |
| 5 | 5 Belgium | 30,764,000 | 2023 | -2.59% | -2.39% | |
| 6 | 6 Denmark | 18,173,000 | 2023 | +0.76% | +0.43% | View data |
| 7 | 7 Czech Republic | 13,994,000 | 2023 | +0.7% | +1.32% | View data |
