Over the past decade, the Fresh Bovine Meat Market in the UK has shown a fairly consistent upward trend, starting at 6.42 billion euros in 2012 and reaching 9.11 billion euros in 2022. The market experienced significant growth initially, with a year-on-year increase of 6.92% in 2013 followed by a higher 10.03% in 2014. A period of slower growth ensued with minimal increases around 1% annually in 2015 and 2016. The following years saw moderate improvements, peaking at an average annual growth rate (CAGR) of approximately 3.06% from 2018 to 2022. These figures underscore a steady, albeit decelerating growth pattern in more recent years.
For future trends, several factors merit close attention:
- Potential shifts in consumer preferences towards plant-based alternatives could impact demand.
- Trade and Brexit-related supply chain disruptions may affect market dynamics and pricing.
- Changes in agricultural policies and sustainability initiatives could influence production costs and market size.
How does the United Kingdom rank in Fresh Bovine Meat Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 2,882,300,000,000 | 2023 | +7.1% | +633.14% | View data |
| 2 | 2 United Kingdom | 9,310,000,000 | 2023 | +2.19% | +2.3% | |
| 3 | 3 Italy | 8,284,500,000 | 2023 | +1.09% | +0.8% | View data |
| 4 | 4 France | 8,249,900,000 | 2023 | -0.54% | -0.99% | View data |
| 5 | 5 Germany | 8,191,900,000 | 2023 | +2.31% | +1.58% | View data |
