The meat and poultry market in Spain reached a size of 12.165 billion euros in 2023. Over the past few years, there has been a steady increase with slight fluctuations. The year-on-year growth rate was at its highest in 2016 and 2017, reaching 6.03% and 6.42%, respectively. The most recent CAGR, from 2018 to 2023, was 2.18%, indicating moderate growth. The market declined slightly in 2021 but rebounded with a 2.94% increase in 2022 and a 2.15% increase in 2023.
Future growth is projected to continue at a moderate pace with a forecasted CAGR of 1.54% from 2024 to 2028, and an overall growth rate of 7.95% over the same period.
Future trends to watch for include:
- Increased consumer preference for organic and sustainably sourced meat products.
- Technological advancements in meat production and processing to enhance efficiency and product quality.
- Potential regulatory changes impacting production practices, labeling, and consumer transparency.
- Market dynamics influenced by changing dietary trends, such as the rise in alternative plant-based proteins.
