The beef meat market in Italy has shown a declining trend over the past decade. From 2014 to 2023, the market size decreased from 1160.0 thousand metric tons to 931.0 thousand metric tons. This represents a year-on-year decrease of -1.27% in 2023 and a Compound Annual Growth Rate (CAGR) of -1.54% over the last 5 years. Notably, the most substantial annual drop was in 2015, with an -11.43% decline. The market saw brief positive growth in 2018 at 4.68%, but overall the trend remained negative. The year-on-year fluctuations over the last two years were -1.26% in 2022 and -1.27% in 2023.
Looking ahead, the forecast indicates a continued decline in the beef market size with a predicted 5-year CAGR of -1.09%, culminating in a market size of 869.0 thousand metric tons by 2028. Factors to monitor include shifts in consumer preferences, economic influences, and potential policy changes affecting the meat industry. Environmental concerns and the rise of alternative protein sources could further impact market dynamics.
