Food - Benelux

Benelux

Revenue in the Food market amounts to US$100.30bn in 2024. The market is expected to grow annually by 3.79% (CAGR 2024-2029).
The market's largest segment is the segment Meat with a market volume of US$21.26bn in 2024.
In global comparison, most revenue is generated in China (US$1,601bn in 2024).
In relation to total population figures, per person revenues of US$3,336.00 are generated in 2024.
In the Food market, 4.9% of total revenue will be generated through online sales by 2024.
In the Food market, volume is expected to amount to 21.18bn kg by 2029. The Food market is expected to show a volume growth of 1.6% in 2025.
The average volume per person in the Food market is expected to amount to 655.10kg in 2024.

Key regions: United States, Canada, China, India, South Korea

Definition:

The food market covers all edible products that are bought and consumed for nutrient-based purposes. The market includes both fresh and processed foods.

Structure:

The market consists of 13 different markets:

The Dairy products & Eggs market covers animal products, such as milk, eggs and products made from mammal’s milk and non-animal products, such as milk substitutes. This market is divided into six subsegments that include milk, milk substitutes, yogurt, cheese, eggs and other dairy products and eggs.
The Meat market covers animal products, such as pork, poultry, and free-from meat products, such as meat substitutes. This market is divided into three submarkets: fresh meat, processed meat, and meat substitutes.
The Fish & Seafood market covers products made from fish and seafood. This market is divided into three submarkets: fresh fish, fresh seafood, and processed fish & seafood.
Fruits & Nuts cover edible fruits and nuts. This market is divided into three submarkets: fresh fruits, processed & frozen fruits, and nuts.
The Vegetables market covers edible plants. This market is divided into two submarkets: fresh vegetables, processed & frozen vegetables.
The Bread & Cereal products market covers baked goods made from dough. Dough is made using flour, water, a leavening agent, and other optional ingredients. This market also covers products made from cereals that are usually used as part of a main meal. This market is divided into five submarkets: bread, pasta, rice, breakfast cereals and other cereal products.
The Oils and Fats market covers both edible oils and fats made from animals and plants. This market is divided into four submarkets: butter, margarine, edible oils, and other oils & fats.
The Sauces and Spices market covers additional ingredients used during the food preparation process and is divided into three submarkets: tomato ketchup, other sauces, and spices & culinary herbs.
The Convenience food market covers prepared food and meals that require little effort to prepare. This market is divided into two subsegments, soups and ready-to-eat meals.
The Spreads and Sweeteners market covers spreads and ingredients added to food or beverages to give it a sweet flavor. This market is divided into two subsegments, spreads and sweeteners.
The Confectionery & Snacks market covers sweet, savory, and salty food. This market is divided into two subsegments, confectionery and snacks.
The Baby food market covers food that is only meant to be consumed by babies and small children.
The Pet food market covers food that is intended for pet use only.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included. The out-of-home revenue data is only shown as a separate box at the market level.

For more information on the displayed data, click the info button on the right side of each box.

Market

Region

Region comparison

Currency

Analyst Opinion

The Food market in Benelux is experiencing slow growth, influenced by factors such as changing consumer preferences, increasing competition, and fluctuating prices of raw materials. The sub-markets of Dairy Products & Eggs, Meat, Fish & Seafood, Fruits & Nuts, and Vegetables are facing challenges due to changing dietary trends and rising health concerns. Additionally, the sub-markets of Convenience Food, Spreads & Sweeteners, and Confectionery & Snacks are witnessing increased demand due to the convenience they offer. The market's growth rate is being impacted by these factors, leading to negligible growth in the overall market.

Customer preferences: In the Benelux region, consumers are gravitating towards plant-based and sustainable food options as they become more health-conscious and environmentally aware. This trend is further fueled by the growing popularity of flexitarian and vegetarian diets, as well as the rise of ethical and transparent food production practices. Additionally, the demand for convenience and on-the-go food options is on the rise, driven by busy lifestyles and a desire for quick and easy meals.

Trends in the market: In the Benelux region, The Food market industry is experiencing a surge in demand for organic and sustainable products. This trend is driven by a growing awareness among consumers about the health and environmental benefits of such products. In addition, there is a rising preference for locally sourced ingredients and ethical production practices. This trajectory is significant as it presents opportunities for industry players to tap into a niche market and differentiate themselves from competitors. At the same time, it also poses challenges in terms of supply chain management and cost considerations. As such, industry stakeholders must carefully assess the potential implications of this trend and adapt their strategies accordingly to stay competitive in the market.

Local special circumstances: In Benelux, The Food market industry is heavily influenced by the region's rich culinary heritage and diverse cultural influences. The close proximity to neighboring countries has also resulted in a fusion of flavors and ingredients, adding to the unique offerings in the market. Additionally, strict food safety regulations and a strong focus on sustainability have shaped consumer preferences and purchasing behaviors. These factors have led to a demand for locally sourced and organic products, as well as a preference for traditional, artisanal foods. The market is also driven by the growing trend of health-conscious consumers seeking healthier options, leading to a rise in organic and plant-based food products.

Underlying macroeconomic factors: The Food market in Benelux is greatly impacted by macroeconomic factors such as economic growth, consumer purchasing power, and government policies. As the global economy continues to recover from the effects of the pandemic, the demand for food products in Benelux is expected to increase. Additionally, the region's stable economic health and supportive fiscal policies are creating a conducive environment for market growth. With increasing disposable income and changing consumer preferences, the demand for healthy and sustainable food options is also on the rise, driving the growth of The Food market in Benelux.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.