The Belgium dairy food market is suggested to have reached a value of over EUR 2.9 billion at the beginning of 2007, and by the end of 2012 struck a total of EUR 3.6 billion. It is forecast that the industry will then grow further by 2017, reaching over EUR 4.6 billion.
Between 2007 and 2012 the Belgium dairy food market grew at a CAGR growth rate of 4.78%, and is predicted to increase its CAGR to 5.27% for the forecast period of 2012 to 2017. In terms of categories, 'Milk' is the largest sector of the dairy food market in Belgium and is followed closely by the 'Cheese' category. Despite not being the largest category, 'Yoghurt will see the fastest growth between 2012 and 2017, growing at a CAGR of 5.61% during the forecast period.
For more information on the Belgium dairy food market, please click here: Belgium dairy food market
Companiesandmarkets.com issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.