The UK's meat and poultry meat products market has experienced a steady decline from 2013 to 2023, moving from 1.8894 Billion Kilograms to 1.6651 Billion Kilograms in volume. After several fluctuations, a downward trend is noted, marked by a constant decrease over the last five years at an average annual rate (CAGR) of -1.66%. By 2023, the market registered a year-on-year decrease of 1.58%, reflecting ongoing challenges and changes in consumption patterns.
Looking ahead, the market is forecasted to continue its downward trajectory through to 2028, with an expected CAGR of -1.38% over the forecasted five-year period, indicating a further reduction by 6.72% overall.
Future trends to watch include:
- Further shifts in dietary preferences toward plant-based alternatives.
- Increased focus on sustainable and ethical meat production.
- Potential impact of economic factors on consumer purchasing power and choices.
