The market value of frozen poultry meat in Spain has shown a consistent decline over the past decade, falling from €413.09 million in 2013 to €308.06 million in 2023. The most significant year-on-year decline was in 2020, with a decrease of 5.91%. Recent years have seen a more moderate annual decline, with the latest figures showing a 2.71% reduction in 2023. The compound annual growth rate (CAGR) for the last 5 years stands at -3.91%. Forecasts suggest this downward trend will continue, with a predicted CAGR of -2.32% over the next five years, resulting in a forecast market size of €266.38 million by 2028.
Future trends to watch for:
- Increased consumer preference for fresh over frozen products.
- Potential impact of shifting dietary trends towards plant-based proteins.
- Repercussions of potential regulatory changes affecting the poultry industry.
- Technological advancements in food preservation techniques.
- Economic factors influencing consumer purchasing power.
