The mutton and goat meat market in Italy has shown a general downward trend from 2014 to 2023, with volumes decreasing from 58.0 thousand metric tons to 51.0 thousand metric tons. Specifically, in 2023, the market recorded a 1.92% year-on-year decrease, and the average annual decrease (CAGR) over the last five years was 0.77%. Noticeable fluctuations within individual years included a significant drop of 6.9% in 2015, a rebound of 5.56% in 2016, and another decline of 7.02% in 2017. More stable periods were observed from 2018 to 2022, with only a slight decline in volumes.
Looking forward, the market is forecasted to continue its decline, reaching 49.0 thousand metric tons by 2028. The forecasted five-year CAGR is -0.8%, which translates to an overall reduction of 3.92% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards more sustainable and locally sourced products, the impact of economic conditions on meat consumption, and regulatory changes affecting imports and production standards in the meat industry.
