The frozen chicken cuts market in Spain has shown significant fluctuations over the past decade, with the market peaking at 320.65 million Euros in 2017. The market experienced a substantial decline between 2018 and 2020, reaching a low of 233.96 million Euros in 2020. However, it has been recovering since, with actual figures showing a value of 282.07 million Euros in 2023. Year-on-year, the market saw a positive variation of 5.8% in the last year. Over the five-year period ending in 2023, the Compound Annual Growth Rate (CAGR) was -0.67%.
Forecast data indicate a steady growth trajectory with an expected market size of 327.97 million Euros by 2028, representing a five-year CAGR of 2.39%. This indicates a rebound with a total forecasted growth rate of 12.54% over the next five years.
Future trends to watch for include:
- Sustainability and ethical sourcing concerns driving consumer choices.
- Increasing preference for convenience foods, boosting demand for frozen options.
- Innovations in freezing and packaging technology improving product quality.
- Potential volatility due to economic conditions and supply chain disruptions.
