Eggs - Belgium | Statista Market Forecast

The Eggs Market in Belgium has seen modest growth due to factors such as a slight increase in consumer health consciousness and the availability of online egg purchases. However, the market's growth rate remains minimal, likely impacted by other competing food markets within the country.

Customer preferences: With the rise of health-consciousness among consumers, there has been a growing trend towards plant-based alternatives to traditional dairy products. This has led to an increase in demand for plant-based egg substitutes, such as tofu and chickpea flour, which cater to the needs of vegan and vegetarian consumers. Additionally, the rise in lactose intolerance and milk allergies has also contributed to the popularity of plant-based eggs in Belgium.

Trends in the market: In Belgium, the Dairy Products & Eggs Market is experiencing a shift towards organic and locally sourced eggs. Consumers are becoming more conscious of the environmental impact of food production and are willing to pay a premium for sustainable and ethically produced eggs. This trend is expected to continue as the demand for transparency and traceability in the food industry grows. Industry stakeholders must adapt to this trend by investing in sustainable farming practices and transparency in their supply chain, as well as marketing the benefits of organic and locally sourced eggs to appeal to environmentally conscious consumers.

Local special circumstances: In Belgium, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's strong cultural traditions of egg consumption. Belgian cuisine features many dishes that incorporate eggs, making it a staple in the local diet. Additionally, strict regulations on animal welfare and food safety ensure high-quality eggs, further boosting consumer trust and demand. The country's small size also allows for efficient distribution and transportation of eggs, contributing to the overall competitiveness of the market. These factors set the Eggs Market in Belgium apart from other markets, driving its unique dynamics and growth.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market in Belgium is influenced by macroeconomic factors such as consumer preferences, disposable income, and government regulations. The rising health consciousness among consumers and their willingness to pay for high-quality, organic eggs is driving the market growth. Additionally, the stable economic conditions and favorable government policies promoting the consumption of dairy and egg products are further contributing to the market growth. However, fluctuations in egg prices and increasing competition from alternative protein sources could hinder the market growth in the future.

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.