The forecast for bull slaughterings in the UK from 2024 to 2028 shows a declining trend. The figures start at 172.15 thousand heads in 2024 and steadily decrease to 141.6 thousand heads by 2028. Compared to 2023 figures, this represents a consistent annual decrease. Specifically, the year-on-year decline from 2024 to 2025 is 4.57%, followed by decreases of 4.71% from 2025 to 2026, 4.83% from 2026 to 2027, and 4.97% from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately -4.77%, indicating a significant downward trend.
Future trends to watch for include:
- Impact of changing consumer preferences towards plant-based diets.
- Regulatory pressures for sustainable meat production.
- Technological advancements in alternative proteins.
