The turnover for meat and poultry meat products in Spain stood at 12.5 billion euros in 2023. From 2013 to 2023, the market experienced a mixture of growth and minor declines, with the turnover reaching a peak of 12.24 billion euros in 2022. Notable increases were observed in 2015 (9.48%) and 2018 (9.24%), while the most significant decline occurred in 2020 (-4.89%). The compound annual growth rate (CAGR) from 2019 to 2023 was 2.13%. Year-on-year variations highlight fluctuations due to economic factors and consumer behavior.
Future trends to watch for in this market include:
- Continued modest growth with a forecasted CAGR of 1.48% from 2023 to 2028.
- Impact of sustainable and plant-based meat alternatives on traditional meat sales.
- Effects of regulatory changes and health trends on consumer preferences.