The meat processing turnover in Italy began at 12.37 billion Euros in 2013 and experienced fluctuations, with significant dips in 2016 and a somewhat stabilized phase after 2018. By 2023, the turnover was 10.52 billion euros. Year-on-year variations showcase a volatile market, particularly with substantial declines in 2014 and 2016. However, from 2021 onwards, the market showed minor positive growth. The CAGR over the last 5 years was -0.093%, indicating an overall stagnation. Forecasted data suggests a minimal increase over the next five years, with a CAGR of 0.07% and an overall growth rate of 0.37%.
Future trends to watch for:
- Consumer preference shifts towards sustainable and ethical products.
- Technological advancements and automation in meat processing.
- Regulatory changes pertaining to health and safety standards.
- Potential impacts of international trade policies and agreements.
- Market dynamics influenced by changes in global meat supply and demand.
