Forecast: Poultry Meat Production in the UK

The UK poultry meat production has shown an overall increasing trend from 2013 to 2023, starting at 1.66 million metric tons in 2013 and growing to 2.07 million metric tons in 2023. Notable variations occurred over the years, including a -3.48% dip in 2020, possibly due to the impacts of the COVID-19 pandemic, followed by a recovery with 6.89% growth in 2021. The year-on-year growth for 2022 and 2023 stood at 1.49% and 1.44%, respectively. The compound annual growth rate (CAGR) over the last five years was 1.29%, indicating moderate growth.

Looking forward, the forecast indicates a continued, albeit modest, increase in production with an expected 5.77% growth rate over the next five years, resulting in an average yearly growth rate of 1.13% by 2028. Poultry meat production is projected to reach 2.22 million metric tons by 2028, suggesting stable demand and incremental increases in production capacity.

Future trends to watch for include potential impacts from environmental regulations, consumer shifts towards plant-based alternatives, and advancements in poultry farming technologies. Monitoring these factors will be crucial in accurately predicting future market dynamics and opportunities within the UK poultry meat industry.