The fresh bovine meat market in Luxembourg experienced fluctuations from 2013 to 2023. In 2023, the market size was at 4.0461 million kilograms. Significant year-on-year declines were seen in 2014 and 2020 with slight upward shifts in subsequent years. Notably, after a considerable drop in 2020, the market began to recover by 2021, with an overall positive trajectory maintained until 2023. The five-year CAGR up to 2023 was modestly positive, signaling a rebound from earlier declines.
Future trends to watch for in Luxembourg's fresh bovine meat market include:
- Potential impacts of shifting consumer preferences towards alternative proteins.
- Increasing importance of sustainable and traceable meat sourcing.
- Possible regulatory changes impacting meat production and imports.
How does Luxembourg rank in Fresh Bovine Meat Market Size Volume?
| # | 20 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,732,700,000 | 2023 | +3.4% | +1.47% | View data |
| 2 | 2 Italy | 1,294,600,000 | 2023 | +0.26% | +1.39% | View data |
| 3 | 3 United Kingdom | 1,036,800,000 | 2023 | +1.76% | +2.39% | View data |
| 4 | 4 France | 730,100,000 | 2023 | -3.27% | -2.76% | View data |
| 5 | 5 Spain | 721,110,000 | 2023 | +0.85% | +0.61% | View data |
| 18 | 18 Bulgaria | 11,833,000 | 2023 | +3.68% | +6.01% | View data |
| 19 | 19 Lithuania | 10,184,000 | 2023 | -2.62% | -2.44% | View data |
| 20 | 20 Luxembourg | 4,046,100 | 2023 | +3.23% | +1.02% | |
