In 2023, the poultry meat processing industry in Spain stood at 29.17 million hours worked. Observing the year-on-year variations, the industry has experienced robust growth, highlighted by a significant 23.04% increase in 2019. The CAGR for the last five years (2018-2023) averaged a strong 7.84%, indicating consistent expansion. Notably, even during the COVID-19 pandemic in 2020, the decline was limited to just -3.25%, showcasing resilience.
The forecast for the next five years (2024-2028) suggests a steady growth trajectory with an anticipated CAGR of 3.71% and a forecasted overall growth rate of 19.99%. From 2023 onward, the sector is projected to reach 36.891 million hours by 2028, continuing its positive trend.
Future trends to watch for:
- Technological advancements in processing for higher efficiency.
- Shifts in consumer demand towards sustainably sourced poultry meat.
- Regulatory impacts and labor market conditions impacting productivity.
