The European beef meat processing sector exhibited a stable production volume of 11.0 Thousand Metric Tons from 2014 to 2017. A significant spike occurred in 2018 with a 90.91% increase, followed by a slight decline in 2019 of 9.52%. From 2020 onwards, the market stabilized, with consistent growth leading to a 21.0 Thousand Metric Tons production volume in 2023, unchanged from 2022. The compound annual growth rate (CAGR) from 2019 to 2023 was notable, hovering around 12-13%. The forecast period from 2024 to 2028 anticipates a modest CAGR of 1.76%, projecting a total growth rate of 9.09%.
Future trends to watch for:
- Innovative processing technologies
- Increasing sustainability practices
- Evolving consumer preferences toward plant-based alternatives
- Regulations impacting production and trade policies
