The projected sold production of fresh or chilled beef and veal carcasses in the UK from 2024 to 2028 exhibits a slight but steady decline. Starting at 166.67 million kilograms in 2024, it is expected to decrease annually, reaching 164.55 million kilograms by 2028. The year-on-year decline is approximately 0.32% over this period. In 2023, the production stood at 167.20 million kilograms, indicating a gradual downward trend moving forward. The five-year compound annual growth rate (CAGR) reflects a modest decrease, averaging around -0.33% per year.
Future trends to observe include evolving consumer preferences towards plant-based diets, sustainability concerns, and economic factors such as changes in trade policies or agricultural subsidies that could impact production levels and market stability in the beef and veal industry.
