The Italian meat market has demonstrated a fluctuating trend over the past decade. From a value of 21.052 billion euros in 2013, it saw a consistent decline until 2016. However, a gradual recovery began post-2016, with slight year-on-year growth. As of 2023, the market stands at 19.843 billion euros. The average growth rate for the past five years has been minimal with a CAGR of 0.26%, and forecast data suggests a steady increase with a 5-year CAGR of 0.36%, projecting market value to reach 20.302 billion euros by 2028.
Future trends to watch for:
- Consumer preference shift towards sustainable and plant-based alternatives, potentially impacting meat market growth.
- Technological advancements in meat production aiming at lower costs and improved quality.
- Regulatory changes and environmental policies influencing market dynamics.