The turnover in the meat processing sector in Spain stood at 36.5 billion Euros in 2023. Forecasted values for the sector show steady growth from 2024 through 2028, with turnover expected to increase from 38.03 billion Euros in 2024 to 44.09 billion Euros by 2028. This represents a consistent year-on-year growth, with percentage increases of approximately 4.1% from 2024 to 2025, 3.9% from 2025 to 2026, 3.6% from 2026 to 2027, and 3.5% from 2027 to 2028. Over the last two years (2023 to 2025), the sector's turnover has grown by 8.4%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is about 3.8%.
Future trends to watch for in the meat processing sector include the impact of emerging plant-based alternatives, advancements in food technology, consumer demand for sustainable and ethically sourced products, and potential regulatory changes regarding health and safety standards.
