Key Market Indicators
Italian meat sales are projected to reach approximately €28.3 billion by 2028, up from €26.4 billion in 2023, marking an average annual growth rate of 1.1%. The Italian market has experienced a steady growth rate of 1.5% per year since 2013. In 2023, Italy ranked fourth in meat sales, with Spain taking the lead at the same €26.4 billion mark. France, Spain, and Italy occupied the second, third, and fourth positions, respectively, in this ranking. Meat consumption in Italy is expected to rise modestly to about 5 million metric tons by 2028, up from 4.9 million metric tons in 2023, reflecting a compound annual growth rate (CAGR) of 0.2%. Since 2019, Italian meat demand has remained stable with no significant year-on-year changes. Italian meat production, however, is forecasted to decline slightly, reaching around 3.6 million metric tons by 2028, down from 3.6 million metric tons in 2023, with a CAGR of -0.3%. The country's meat supply has been gradually decreasing by 0.2% annually since 1966.
