The turnover for Meat and Poultry Meat Products in the UK is forecasted to decline from 6.53 Billion Euros in 2024 to 6.45 Billion Euros in 2028. In 2023, the turnover stood at 6.55 Billion Euros. The year-on-year variation shows a consistent decline of approximately 0.31% each year. Over the last two years, the decline trend is apparent with a similar annual reduction rate. When considering the past five years, the Compound Annual Growth Rate (CAGR) is -0.31%, indicating a steady downward trajectory.
Key future trends to watch for include shifts in consumer preferences towards plant-based proteins, potential regulatory changes impacting production and consumption, and broader environmental and sustainability concerns that may further influence the meat and poultry market.
