The Italian meat market, measured in billion kilograms, has experienced a declining trend since 2017, with a notable peak in 2017 at 5.8243 billion kilograms. By 2023, the market had reduced to 4.8214 billion kilograms, marking a continuous year-on-year decline. Over the last five years, the compound annual growth rate was -3.19%, with forecasted data suggesting further shrinkage by 2028, registering a -3.27% CAGR. This market contraction aligns with societal shifts towards plant-based diets, regulatory changes, and environmental concerns.
Future trends to watch include the rise in plant-based alternatives, regulatory impacts on meat production, and consumer preferences leaning towards sustainable food sources. Observing these factors will be crucial for anticipating the meat market's evolution.
