In 2023, the fresh poultry meat market in the UK stood at 8.8064 Billion Euros. Reviewing past trends, this market has seen fluctuating growth over the decade. Between 2013 and 2022, the market exhibited periods of both notable growth and slight declines, with a minimal overall increase in 2023. The year-on-year variation was generally positive, although some years like 2016 and 2019 experienced brief contractions. The five-year CAGR from 2018 to 2023 was relatively modest at 1.35%.
Looking ahead, the market is expected to grow steadily at an average growth rate of 6.91% over the next five years, resulting in a forecasted market size of 9.5891 Billion Euros by 2028. The projected annual growth rates indicate a stable upward trend, reflecting sustained consumer demand and market resilience.
Future trends to watch include:
- Shifts in consumer preferences towards organic and ethically sourced poultry.
- Impact of inflation and economic factors on meat prices.
- Innovations in poultry farming and processing technologies.
- Policy changes affecting poultry industry regulations and trade.
