The meat processing production value in Spain has shown a steady upward trend from 2013 to 2023, reaching 18.59 billion Euros in 2023. There have been some fluctuations, such as a slight dip in 2016, but overall the growth has been robust, particularly from 2019 onwards. The year-on-year increase in 2022 and 2023 were 7.34% and 6.77% respectively, indicating sustained growth. The Compound Annual Growth Rate (CAGR) over the last five years (2018-2023) stands at an impressive 8.8%.
- From 2024 onwards, the forecasts show continued growth, with a projected CAGR of 4.24% over the next five years, culminating in a total production value of 24.31 billion Euros by 2028.
Future trends to watch for include increased sustainability efforts within the industry, technological advancements in processing, and shifts in consumer demand toward alternative proteins. Market penetration of exports and the impact of global trade policies will also be crucial to monitor.
