The Flours, Meals, and Pellets of Meat market in Italy stood at 576.33 million kilograms in 2023. Significant fluctuations characterized the market from 2013 to 2023, with initial robust growth until 2014, followed by a period of stability and slight declines between 2015 and 2021, and modest recovery from 2022. Year-on-year variation was negative for most years but turned positive in 2022 and 2023, signaling a rebound. The 5-year CAGR from 2018 to 2023 was -1.06%, reflecting an average decline per year despite recent upticks.
Future trends to watch for include:
- Continued recovery with a forecasted CAGR of 2.04% through 2028, driven by consistent demand, improved economic conditions, or shifts in dietary preferences.
- The impact of environmental concerns and sustainability on production practices, influencing market dynamics and growth.
