The sold production of meat and poultry meat products in the UK witnessed notable fluctuations over the last decade. The value in 2023 stood at 6.8988 billion euros, reflecting a steady growth trajectory over recent years. Observing a year-on-year increase of 1.55% in 2023, the market has been recovering and stabilizing since 2020. Notably, the Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 1.61%, indicating moderate but consistent improvement. Looking forward, the forecasted CAGR for the next five years is 1.1%, projecting the market to reach 7.3955 billion euros by 2028, which translates to a 5.62% growth rate over this period.
In the coming years, market participants should closely monitor:
• Consumer preference shifts towards plant-based alternatives
• Technological advancements in meat production and processing
• Regulatory changes concerning food safety and animal welfare
• Post-Brexit trade policies and their impacts on import-export dynamics.
