The frozen poultry meat market size in the UK showed a general upward trend from 2013 to 2023, where it stood at 1,122.5 Million Euros in terms of value. The initial years saw significant double-digit growth with notable year-on-year increases, peaking at 13.91% in 2014. However, post-2017, the market exhibited more modest growth rates, with a temporary dip in 2018. The CAGR for the last five years (2018-2023) was 1.94%, showing stable, albeit slower, growth.
Looking forward, the forecasted data predicts continued growth at a more moderate rate, with a CAGR of 1.19% and an overall forecasted growth rate of 6.09% for 2024-2028.
Future trends to watch for:
- Potential impacts of Brexit and trade policies on poultry import/export.
- Increasing consumer preference for plant-based alternatives affecting the frozen poultry market.
- Technological advancements in cold storage and supply chain logistics.
- Health trends influencing consumer behavior towards white meat over red meat.
- Price fluctuations due to feed costs and other input costs affecting market dynamics.
