In 2023, the frozen bovine meat market in the UK was based on actual data; from 2024 onwards, the data is forecasted. The per capita consumption is expected to grow steadily from 1.32 kg in 2024 to 1.38 kg in 2028. This indicates a modest year-on-year increase and underlines a consistent growth trajectory. The compounded annual growth rate (CAGR) over these five years suggests an average annual increase, reflecting stable demand in the market.
Possible future trends include:
- Varying consumer preferences towards plant-based diets might impact demand.
- Sustainability and ethical concerns could influence purchase decisions.
- Economic factors such as inflation and disposable income levels might affect market growth.