In 2023, the meat market size in Luxembourg stood at 104.59 million Euros, indicating a slight increase of 0.86% from the previous year. Over the last decade, the market experienced fluctuations, notably an increase in 2021 by 10.99% followed by a decline in 2022 and a minor recovery in 2023. The compound annual growth rate (CAGR) over the last five years was 0.6%, reflecting a relatively stagnant growth overall.
Future trends to watch for in the Luxembourg meat market include:
- Shifts in consumer preferences towards alternative and plant-based proteins.
- Potential regulatory changes affecting meat production and importation post-2024.
- Economic impacts that could affect disposable incomes and purchasing patterns.
How does Luxembourg rank in Meat Market Size Value?
| # | 23 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26,271,000,000 | 2023 | +1.62% | +1.76% | View data |
| 2 | 2 France | 20,556,000,000 | 2023 | -0.43% | +0.36% | View data |
| 3 | 3 Italy | 19,843,000,000 | 2023 | +0.48% | +0.26% | View data |
| 4 | 4 United Kingdom | 17,318,000,000 | 2023 | +2.04% | +2.43% | View data |
| 5 | 5 Spain | 13,262,000,000 | 2023 | +1.18% | +2.68% | View data |
| 21 | 21 Latvia | 262,410,000 | 2023 | +0.64% | +1.78% | View data |
| 22 | 22 Estonia | 123,710,000 | 2023 | +5.06% | +1.65% | View data |
| 23 | 23 Luxembourg | 104,590,000 | 2023 | +0.86% | +0.6% | |
