Belgium HRI Market Size

Belgium HRI Market Analysis

The Belgium HRI market is projected to grow, witnessing a CAGR of 4.1% over the next five years.

Cafes and bars are playing a major role in the Belgium HRI market due to the high popularity of juice/smoothie bars and specialist coffee shops in the country. This is due to the increasing demand of consumers for fresh and healthy ingredients in their beverages, thereby, driving them toward cafes offering beverages made from natural ingredients. Additionally, the market is being driven by factors, such as the growing percentage of young and working people and the availability of organized retail spaces. Furthermore, the growing disposable income of consumers and the increase in exposure to different varieties and cuisines of food over the last few years has led to an increase in the demand for restaurants that offer a complete dining experience.

Expansion of business through outlet installation or menu advancement, both have contributed to the Belgium HRI market. The global chained restaurants are expanding their business in the country owing to the presence of high-income groups and growing demand for international fast food, specifically United States-based food. Also, with the number of tourists increasing every year. Thus, the demand for high-quality food and services has been propelling the foodservice market in the country. The Belgium food industry is expected to witness significant growth during the forecast period, while increasing its contribution to the world food trade every year. Over the past few years, Belgium has witnessed a proliferation of fine dining restaurants, cafes, pubs, bars, clubs, lounges, and international fast-food joints, which cater to the millennials' changing food habits.