Between 2013 and 2023, the production value of meat and poultry meat products in Italy showed moderate growth. Values increased from €8.51 billion in 2013 to €11.78 billion in 2023. A notable spike occurred in 2016 with a 16.87% increase, followed by a dip in 2018 (-6.78%). The overall Compound Annual Growth Rate (CAGR) for these years was 3.37%.
The last two years saw a steadier growth rate: 2.67% in 2022 and 2.57% in 2023. For the future, from 2024 to 2028, forecasted CAGR stands at 1.82% suggesting a more modest growth, leading to an estimated production value of €13.21 billion in 2028.
Future trends to watch for:
- Impact of sustainability and environmental regulations on meat production.
- Shifts in consumer preferences towards plant-based or alternative proteins.
- Technological advancements in meat production and processing.
- Possible economic fluctuations impacting production costs and consumer demand.
