From 2013 to 2023, gross investment in the UK's meat processing sector has shown a steady, although varied, growth trajectory. In 2013, the value stood at 319.7 million pounds and reached 596.3 million pounds by 2023. Year-on-year variations show significant increases, particularly from 2015 to 2018, with notable dips in 2019 and 2020. The CAGR from 2013 to 2023 indicates a general upward trend of around 5.8%, peaking at 13.21% from 2013 to 2018. The last five years before 2023 saw more moderate growth, reflecting market stabilization.
Future trends from 2024 to 2028 forecast a continued increase, though at a modest CAGR of approximately 1.88%. This is forecasted to produce an overall growth rate of 9.79% for this period. Observing investment growth reflecting market optimism could indicate steady advancements in technology and infrastructure in the sector.
Key Future Trends to Watch for:
- Technological advancements and automation in meat processing.
- Impact of regulatory changes and sustainability requirements.
- Shifts in consumer demand towards alternative protein sources.
- Expansion of export markets for UK meat products.
