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Food Retailing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-G4721 April 2024 Factsheet

Revenue

€3.1bn

2019-2024 6.1 %
2024-2029 X.X %

Employees

17,735

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

Businesses

7,671

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

Wages

€XXX.Xm

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

Food Retailing 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
#10 In Europe
Business
#13 In Europe
Employees
#13 In Europe
Wages
#8 In Europe

View industry report for Europe

Revenue in Europe’s food retailing industry is expected to slump at a compound annual rate of 7.7% to €100.8 billion in the five years through 2024. Growing competition from supermarkets is driving consumers away from the industry, as supermarkets offer much more competitively priced meat, fish, bread and fresh fruit and vegetables. The industry is susceptible to changes in household disposable income, which has been eroded throughout Europe over 2023 and 2024 as inflationary pressures plague consumers' pockets.

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Enterprises
Number of businesses in 2024

Biggest companies in the Food Retailing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Greggs plc
2,072.4
234.9
11.3
Groupe Blachere
1,290.1
157.3
12.2
Boulangeries Paul SAS
N/A
N/A
N/A

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Top Questions Answered in this Report

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What is the market size of the Food Retailing industry in Belgium in 2024?

The market size of the Food Retailing industry in Belgium is €3.1bn in 2024.

How many businesses are there in the Food Retailing in Belgium industry in 2024?

There are 7,671 businesses in the Food Retailing industry in Belgium, which has grown at a CAGR of 0.5 % between 2019 and 2024.

Has the Food Retailing industry in Belgium grown or declined over the past 5 years?

The market size of the Food Retailing industry in Belgium has been declining at a CAGR of 6.1 % between 2019 and 2024.

What is the forecast growth of the Food Retailing industry in Belgium over the next 5 years?

Over the next five years, the Food Retailing industry in Belgium is expected to decline.

What are the biggest companies in the Food Retailing market in Belgium?

The biggest companies operating in the Food Retailing market in Belgium are Greggs plc, Groupe Blachere and Boulangeries Paul SAS

What does the Food Retailing in Belgium include?

Meat and Fruit and vegetables are part of the Food Retailing industry.

Which companies have the highest market share in the Food Retailing in Belgium?

The company holding the most market share in Belgium is Greggs plc.

How competitive is the Food Retailing industry in Belgium?

The level of competition is moderate and steady in the Food Retailing 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 consists of food retailers, which may sell fruit, vegetable, meat, fish and bakery products. This industry excludes the retail sale of food by mass retailers such as supermarkets and department stores.

Related Terms

CRUSTACEANSCULTIVATED MEAT ORGANIC FOOD CONFECTIONERY

What's included in this industry?

MeatFruit and vegetables Seafood Seafood

Companies

Greggs plcGroupe BlachereBoulangeries Paul SAS

Industry Code

ISIC 2006

4721 - Retail sale of food in specialized stores in Belgium

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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

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Food Retailing in Belgium industry?


Outlook

Analysis

What's driving the Food Retailing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Food Retailing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Food Retailing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Income and preferences dictate specialised food markets. High-income households seek premium food products, while lower-income consumers prioritise affordability, meaning they tend to opt for supermarket food offerings.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Food Retailing in Belgium industry's products and services performing?

Analysis

What are innovations in the Food Retailing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Food Retailing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

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

Key Takeaways

High fragmentation in the industry prevents concentration. industry’s high fragmentation limits concentration, as food retailers are typically popular within their local area, with the majority of food retailers being independent.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Food Retailing in Belgium located?

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

The Food Safety Act 1990 plays a big role in the industry. The act stipulates that all businesses involved in food must ensure that they do not include anything in the food that is damaging to the health of those eating it.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Food Retailing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Premium food retailers earn a larger profit. Food retailers selling premium groceries can retail at higher prices and earn a higher profit.

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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 Retailing 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.