The production of fresh or chilled cuts of beef and veal in the UK is forecasted to increase over the next five years, with values from 817.69 million kilograms in 2024 to 896.88 in 2028. This growth highlights a steady year-on-year increase, averaging around 2.35% per annum. Compared to 2023's actual data, this reflects a positive trend suggesting moderate growth potential in the sector.
Future trends to watch for include:
- Changing consumer preferences towards plant-based alternatives, potentially impacting beef demand.
- Sustainability concerns influencing production practices and regulations.
- Potential impacts of trade agreements post-Brexit on export and import dynamics.
- Technological advancements in agricultural practices affecting production efficiency.