The UK poultry meat processing turnover has seen considerable fluctuations between 2013 and 2023. Starting from 5.42 billion Euros in 2013, it peaked in 2016 at 7.84 billion Euros, reflecting a strong 18.72% year-on-year increase. Afterwards, the market experienced a dip and moderate growth phases, with values stabilizing around 7.55 to 7.9 billion Euros from 2020 to 2023. The year-on-year growth in 2023 stood at 2.12%, showcasing a slower but steady increment. The CAGR over the last five years also indicates a moderate growth of 3.25% annually. By 2024, the sector rose to 8.23 billion Euros, entering the forecasted values.
- Variations in recent years (2020-2023) show steady but marginal increases.
- The 5-year CAGR before 2024 was 3.25%, reflecting moderate annual growth.
- Projected 5-year growth rate to 2028 is 7.6% with a yearly CAGR of 1.48%.
Future trends to watch include potential impacts of regulatory changes, consumer preferences shifting towards sustainable and organic products, and technological advancements in poultry processing that could enhance efficiency and product quality. Additionally, the influence of international trade policies and health-focused dietary trends could shape the industry's trajectory.
