Processed Meat - Belgium

Belgium

Revenue in the Processed Meat market amounts to US$3.41bn in 2024. The market is expected to grow annually by 4.55% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$42bn in 2024).
In relation to total population figures, per person revenues of US$291.20 are generated in 2024.
In the Processed Meat market, volume is expected to amount to 323.70m kg by 2029. The Processed Meat market is expected to show a volume growth of 2.6% in 2025.
The average volume per person in the Processed Meat market is expected to amount to 24.5kg in 2024.

Key regions: India, China, United Kingdom, Spain, South Korea

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Analyst Opinion

The Processed Meat Market in Belgium has been experiencing negligible growth, influenced by factors such as increasing health consciousness among consumers, demand for convenient food options, and the availability of online meat products. Sub-markets like Ham & Bacon, Sausages, and Cold & Roast Meat Products contribute to this slow growth rate.

Customer preferences: Consumer demand for healthier and more sustainable food options is driving a shift towards plant-based and organic processed meat options. This trend is particularly evident among younger consumers, who are increasingly mindful of their environmental impact and are seeking out ethical and environmentally-friendly food choices. Additionally, the rise of flexitarian and vegetarian diets is also contributing to the growing popularity of plant-based processed meats, as consumers look for healthier and more diverse protein sources.

Trends in the market: In Belgium, the Processed Meat Market of the Meat Market within The Food market is experiencing a shift towards healthier and more sustainable options. Consumers are increasingly demanding plant-based alternatives and are becoming more conscious of the environmental impact of meat production. This trend is expected to continue as governments and organizations push for more sustainable food systems. This presents opportunities for industry stakeholders to diversify their product offerings and meet the changing demands of consumers. Additionally, there is a growing demand for transparency and traceability in the meat industry, leading to the adoption of digital solutions such as blockchain technology to track the entire supply chain. These trends have the potential to improve the overall health and sustainability of the meat market in Belgium.

Local special circumstances: In Belgium, the Processed Meat Market within the Meat Market is influenced by the country's strong tradition of meat consumption and its high demand for convenience foods. Additionally, stringent regulations on food safety and labeling have led to a market dominated by high-quality, locally-sourced products. The cultural preference for charcuterie and cured meats has also shaped the market, with a wide variety of artisanal and specialty products available. These unique factors have contributed to the stable growth of the Processed Meat Market in Belgium, with a focus on premium and sustainable options.

Underlying macroeconomic factors: The Processed Meat Market in Belgium is affected by macroeconomic factors such as consumer purchasing power, government regulations, and trade policies. The country's stable economy and high disposable income of the population drive the demand for processed meat products. However, the rising health concerns and environmental awareness have led to stricter regulations on the production and marketing of processed meat, which could potentially impact market growth. Furthermore, the country's participation in international trade agreements and its access to a wide range of raw materials also influence market dynamics.

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.