The volume of the poultry meat market in Spain reached 1.8938 billion kilograms in 2023. Historical data show a varied trend with fluctuations over the years. For instance, from 2013 to 2017, the market experienced ups and downs, peaking in 2016 before a significant dip in 2017. However, recent years have seen more stability, with a steady increase in value from 2018 through 2023. Notably, the year-on-year variations for 2022 and 2023 were 1.95% and 1.9%, respectively. The CAGR over the last 5 years leading up to 2023 was 1.42%, indicating modest but consistent growth.
Looking forward from 2024 onwards, the forecast suggests a continued upward trend, with the poultry meat market expected to grow from 1.9287 billion kilograms in 2024 to 2.0649 billion kilograms by 2028, reflecting an overall forecasted 5-year CAGR of 1.37% and a growth rate of 7.06%. This indicates a sustained positive outlook for the industry.
Key future trends to watch for include:
- The influence of dietary and health trends favoring poultry over red meats.
- Potential impacts of technological advancements in poultry farming and processing.
- Regulatory changes and their implications on production costs and consumer prices.
- Consumer demand shifts amidst global supply chain dynamics.
