Forecast: Meat Products Turnover in Spain

The turnover of meat products in Spain has demonstrated a generally positive trend from 2013 to 2023, growing from 22.2 billion euros to 36.46 billion euros. Notable increases in 2015 (9.61%) and 2019 (13.47%) underscore significant growth intervals. There were slight downturns in 2016 and 2020 with values decreasing by 0.19% and 2.19%, respectively, yet overall growth continued. From 2018 to 2023, the market exhibited an average annual growth (CAGR) of 5.45%, underscoring robust market performance.

Looking forward, the forecasted data from 2024 to 2028 anticipate a steady annual growth rate averaging 3%. Expected turnover will likely rise to 44.09 billion euros by 2028, a forecasted 15.93% increase over the five-year span.

Future trends to watch for:

• Potential shifts in consumer preferences towards plant-based alternatives.
• Technological advancements in meat production impacting efficiency and cost.
• Regulatory changes targeting sustainability and animal welfare.
• Economic factors influencing consumer spending on premium meat products.