Meat production in Spain has demonstrated steady growth from 2014 to 2023, increasing from 5.72 to 7.42 million metric tons. The year-on-year variation has seen notable fluctuations with significant increases in 2015 and 2016 by 5.94% and 8.05% respectively, while the period also experienced minor decreases such as in 2020 by -3.62%. Over the last five years, the CAGR stood at 1.09%, signifying a stable, albeit moderate growth trend.
Looking from 2024 onwards, forecasted values project continued growth with 7.52 million metric tons in 2024 reaching up to 7.92 million metric tons by 2028. This represents a forecasted five-year CAGR of 1.03% and a total growth rate of 5.23% over five years.
Future trends to watch for include potential impacts from environmental regulations, shifts in consumer preferences towards plant-based proteins, and technological advancements in meat production. Market dynamics such as trade policies and economic factors may also influence this growth trajectory.
