The poultry meat processing turnover in Spain showed steady growth from 2013 to 2023, increasing from 2.88 billion Euros in 2013 to 4.63 billion Euros in 2023. The past decade saw fluctuations, with notable growth in 2015, 2018, and 2019, and a decline in 2020, most likely due to pandemic-related disruptions. A positive upward trajectory resumed, maintaining a healthy year-on-year increase up to 2023.
From 2021 to 2023, year-on-year variations featured a 7.25% increase in 2021 and a 7.71% increase in 2022. The last calculated CAGR over the past five years (2018-2023) was 4.01%, indicating consistent growth in the sector.
The forecasted data from 2024 to 2028 suggests continued growth, with a projected CAGR of 2.67% and a total growth rate of 14.07% over the next five years. The projected turnover is expected to reach 5.48 billion Euros by 2028.
Future trends to watch include the impact of rising consumer demand for healthier protein options and potential disruptions from global supply chain challenges and environmental regulations affecting the poultry sector’s sustainability practices.
