The volume of the poultry meat market in the UK has shown a steady growth trend over the years. In 2023, the market stood at 2.1307 billion kilograms. Year-on-year growth has varied, with notable peaks in 2015 at 9.72% and dips such as in 2017 at -9.73%. Over the last two years (2022-2023), the growth was modest at 1.22% and 1.18% respectively. The market's Compound Annual Growth Rate (CAGR) for the last five years until 2023 is 1.34%. The forecasted CAGR for the next five years until 2028 is expected to be around 0.85%, indicating a slower but steady growth trend.
Future trends to watch for include potential impacts of policy changes related to food production, sustainability initiatives, shifts in consumer preferences towards plant-based proteins, and technological advancements in poultry farming. Furthermore, external factors such as economic conditions and trade agreements will also play a crucial role in shaping the market dynamics.
