UK chicken meat slaughtering has shown an overall upward trend from 2013 to 2023, rising from 945 million units in 2013 to 1231 million units in 2023. The year-on-year variations have mostly been positive, with significant growths like 5.94% in 2015 and 7.17% in 2021, despite occasional drops such as -3.22% in 2020. The Compound Annual Growth Rate (CAGR) tended to fluctuate with an average yearly increase, reaching 1.6% in 2023. Looking ahead, a consistent growth trend is expected with a forecasted 1.3% CAGR over the next five years, culminating in a projected value of 1336.9 million units by 2028.
Future trends to watch for:
- Impact of alternative protein sources on poultry meat demand.
- Potential regulatory changes affecting slaughtering standards and capacity.
- Technological advancements in poultry breeding and slaughtering processes.
- Changes in consumer dietary preferences and health trends influencing meat consumption.