The production value of meat and poultry meat products in Spain stood at 12.45 billion Euros in 2023. Over the last decade, the industry has shown a steady growth trajectory despite some fluctuations. From 2013 to 2023, the production value generally increased, showcasing resilience with the exception of a few down years such as 2016 and 2020. The sector grew by an average compound annual growth rate (CAGR) of 2.06% over the last five years. The year-on-year growth from 2022 to 2023 was 2.2%, indicating a modest but positive trend.
Looking ahead, the forecast suggests continued growth with the production value reaching 13.75 billion Euros by 2028. The average annual growth rate forecasted for the next five years stands at 1.58%, projecting an overall growth rate of 8.15% for this period.
Future trends to watch for:
- Technological advancements in meat processing and production.
- Shifts in consumer preferences towards sustainable and plant-based alternatives.
- The impact of regulatory changes on meat production and export markets.
- Economic factors influencing domestic and international demand.
