From 2013 to 2023, Spain's meat market has shown fluctuations, with notable growth in recent years. The market grew from 10.762 billion Euros in 2013 to 13.262 billion Euros in 2023. The value in 2023 indicates a stable growth trend, increasing by 1.18% from the previous year. The compound annual growth rate (CAGR) over the last five years (2018-2023) stands at 2.68%, showcasing steady annual growth. Significant increments were witnessed in 2017 and 2020, influenced possibly by market conditions and consumption patterns.
Forecasts predict continued growth, with the market expected to reach 14.015 billion Euros by 2028, representing a 5-year growth rate of 4.47% and a forecasted 5-year CAGR of 0.88%. Trends indicate a slower growth pace compared to the past decade but remain positive.
Future trends to watch for include:
- Adoption of alternative proteins and changing consumer dietary preferences.
- Sustainability and ethical concerns driving demand for premium and organic meat products.
- Technological advancements in meat processing and packaging.
- Impact of international trade policies and domestic production capabilities.
