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Food, Drink & Tobacco Stores in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-G472 April 2024 Factsheet

Revenue

€4.5bn

2019-2024 5.1 %
2024-2029 X.X %

Employees

19,607

2019-2024 1.4 %
2024-2029 X.X %

Businesses

9,417

2019-2024 0.5 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Food, Drink & Tobacco Stores in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#11 In Europe
Business
#14 In Europe
Employees
#14 In Europe
Wages
#10 In Europe

The Food, Drink & Tobacco Stores in Belgium ranks 11st in Europe with regards to its 2024 revenue (€4.5bn). Revenue received by operators in Belgium has been low in volatility over the past five-year period, with the average annual change in revenue (5.1 %) most comparable to...

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Enterprises
Number of businesses in 2024

Revenue per Enterprise
Value (€ Million) in 2024

Top Questions Answered in this Report

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What is the market size of the Food, Drink & Tobacco Stores industry in Belgium in 2024?

The market size of the Food, Drink & Tobacco Stores industry in Belgium is €4.5bn in 2024.

How many businesses are there in the Food, Drink & Tobacco Stores in Belgium industry in 2024?

There are 9,417 businesses in the Food, Drink & Tobacco Stores industry in Belgium, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Food, Drink & Tobacco Stores industry in Belgium grown or declined over the past 5 years?

The market size of the Food, Drink & Tobacco Stores industry in Belgium has been declining at a CAGR of 5.1 % between 2019 and 2024.

What is the forecast growth of the Food, Drink & Tobacco Stores industry in Belgium over the next 5 years?

Over the next five years, the Food, Drink & Tobacco Stores industry in Belgium is expected to decline.

What does the Food, Drink & Tobacco Stores in Belgium include?

Meat, fish and delicatessen items and Fruit and vegetables are part of the Food, Drink & Tobacco Stores industry.

How competitive is the Food, Drink & Tobacco Stores industry in Belgium?

The level of competition is moderate and steady in the Food, Drink & Tobacco Stores industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry includes stores specialise in selling food, drinks and tobacco. This includes supermarkets, grocers, specialist food shops like bakeries, butchers and fish mongers; liquor stores and off-licenses, and tobacconists. These stores sell a range of groceries and other items including fruit and vegetables, meat and fish, cupboard goods, alcoholic and non-alcoholic beverages and different types of tobacco products and paraphernalia.

What's included in this industry?

Meat, fish and delicatessen itemsFruit and vegetablesDairy productsFrozen foodGeneral merchandiseAlcoholic beveragesNon-alcoholic beveragesTobacco and related products

Industry Code

ISIC 2006

472 - Retail sale of food, beverages and tobacco in specialized stores in Belgium

Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Current Performance

Charts
  • Revenue in the Food, Drink & Tobacco Stores in Belgium
  • Employees in the Food, Drink & Tobacco Stores in Belgium
  • Business in the Food, Drink & Tobacco Stores in Belgium
  • Profit in the Food, Drink & Tobacco Stores in Belgium

Current Performance

Analysis

How does this country's performance compare to Europe?


Life Cycle

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

International Trade

Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power
ANALYSIS

What is the competitive landscape in Europe?

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Food, Drink & Tobacco Stores in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Food, Drink & Tobacco Stores in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.