The UK's frozen chicken cuts market experienced fluctuating yet overall positive growth from 2013 to 2023, marked by peak production in 2023 at 207.36 million kilograms. Significant year-on-year variations include notable increases in 2014 (24.94%) and 2017 (19.48%), and a substantial drop in 2018 (-22.51%). The last two years (2022 to 2023) saw modest growth of 2.3% and 2.2% respectively, while the average annual growth rate over the past five years (CAGR) was 3.49%.
Future trends to watch for include:
- Steady growth with a forecasted average annual increase (CAGR) of 1.68% from 2024 to 2028.
- Potential market drivers include health trends, consumer preferences towards convenience foods, and fluctuations in feed prices.
- Shifts in trade policies, especially post-Brexit, may impact both production and import-export dynamics.
- Technological advancements in freezing and packaging could enhance product quality and shelf life, influencing market demand.