The meat processing industry in Spain has exhibited a steady upward trend between 2013 and 2023, with annual turnover increasing from €10.04 billion to €19.46 billion. Year-on-year variations show significant fluctuations, with notable growth in 2017 (11.64%) and 2019 (19.26%), followed by steady growth between 2020 and 2023, with a year-on-year increase of 6.56% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 8.54%, reflecting robust growth.

The forecast for 2024 to 2028 predicts continued growth, reaching €25.26 billion by 2028, with a projected 5-year CAGR of 4.13%. This indicates a less aggressive but steady growth pathway compared to the previous five years.

Future trends to watch for include:

Technological advancements and automation in meat processing to improve efficiency.
Growing demand for meat products driven by population growth and improved economic conditions.
Increasing consumer preference for sustainable and ethically produced meat products.
Potential regulatory changes impacting production practices and industry standards.