The Fresh Goat Meat market in Spain has shown significant fluctuations over the past decade. From 2012 to 2017, there was a general decline in market size, reflecting economic uncertainties and changing consumer preferences. However, from 2018 onwards, the market experienced a robust recovery, with 2018 marking a striking 40.35% year-on-year increase. This upward trend continued, albeit at a moderated pace, leading to a market value of 39.713 Million Euros in 2022. The CAGR for the past five years stands at 7.95%, indicating a healthy growth trajectory.
In January 2023, the market's position was consistent with previous trends, showcasing its resilience and growing demand. Over the past two years, the market recorded a 6.06% increase in 2021 and a slight rise by 0.84% in 2022. The long-term analysis indicates a pronounced shift towards increased consumption and market expansion from 2018 onwards.
Future trends to watch for:
- Potential market saturation risks and consumer behavior changes as the market approaches peak values
- Impact of sustainability and ethical sourcing trends on consumer choices
- Economic factors and their influence on disposable income and spending patterns
