The frozen bovine meat market in Spain has exhibited a consistent downward trend since 2013, with volumes declining steadily. In 2023, the market stood at 25.748 million kilograms, reflecting a year-on-year decrease of 5.41%. Over the last two years, the market experienced considerable fluctuations— a notable increase in 2022 by 14.75%, followed by a decrease in 2023. The compound annual growth rate (CAGR) over the last five years revealed an average decline of 6.08% annually.

Key future trends to watch for:

Further volume decreases are forecasted, with an expected CAGR of -7.76% through 2028.
Shifts in consumer preferences towards fresher alternatives and plant-based proteins could impact demand.
Supply chain challenges and regulatory changes may further influence market dynamics.