The size of the flours, meals, and pellets of the meat market in Spain has seen significant fluctuations from 2013 to 2023. From 2013 to 2015, the market grew steadily, with year-on-year variations ranging from 6.9% to 8%. However, from 2016 onwards, the market saw a decline, with notable drops in 2016, 2017, and especially in 2018 with a significant decrease of 19.74%. Between 2019 and 2023, the market remained relatively stable with minor annual decreases, showing a year-on-year variation of -0.27% in 2023. The last five years showcase an average annual decrease (CAGR) of -0.36%, indicating a stabilized but slightly declining trend.
Looking ahead from 2024 to 2028, the forecast indicates a continued slow decline, with an expected 5-year CAGR of -0.21%, and a forecasted growth rate of -1.07% over five years.
Future Trends to Watch for:
- Technological innovations in meat processing and alternative protein sources
- Changing consumer preferences towards plant-based or sustainable products
- Regulatory changes affecting meat production and processing standards
