The turnover in the UK meat processing sector demonstrates a steady upward trend from 2024 to 2028. In 2023, the turnover was 22.00 Billion Pounds Sterling. Forecasted figures for the subsequent years are 22.33 in 2024, 22.69 in 2025, 23.04 in 2026, 23.39 in 2027, and 23.73 Billion Pounds Sterling in 2028.
Year-on-year variations indicate:
- 2024: 1.5% increase from 2023
- 2025: 1.6% increase from 2024
- 2026: 1.5% increase from 2025
- 2027: 1.5% increase from 2026
- 2028: 1.4% increase from 2027
Over the last five years, the compound annual growth rate (CAGR) shows an average annual increase of approximately 1.5%.
Future trends to watch for include increasing consumer demand for ethically sourced meat products, advancements in processing technologies, and potential impacts of Brexit-related trade policies on the meat industry. Additionally, ongoing developments in alternative proteins could influence future market dynamics.
