Belgium dairy food market: 'Yoghurt' to see fast CAGR growth of over 5.6% between 2012-2017

Press Release   •   Jul 04, 2013 15:34 BST

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.

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