The UK poultry meat processing production value in 2023 stood at €7.74 billion, reflecting a 2.06% increase from the previous year. Over the last decade, the sector experienced significant fluctuations, marked by high growth rates in the mid-2010s and more moderate variations in recent years. From 2013 to 2016, the sector enjoyed substantial growth, peaking in 2016 with a 21.44% year-on-year increase. However, a decline followed in 2017 and 2018, with modest recovery phases in subsequent years. The average annual growth rate (CAGR) over the past five years (2018-2023) was 3.28%.
Looking ahead to 2028, forecasters predict a more stable and moderate growth rate for the industry, with a projected five-year CAGR of 1.58% and an overall growth rate of 8.15% from 2024 to 2028.
Future trends to watch for:
- Expansion in global export markets as UK producers seek new opportunities.
- Increasing consumer demand for high-quality and organic poultry products.
- Adoption of advanced processing technologies to enhance efficiency and reduce costs.
- Regulatory changes impacting poultry meat production standards and practices.
- Shifts in consumer dietary preferences towards plant-based alternatives impacting market dynamics.
