The fresh chicken cuts market in the UK has shown a steady growth trajectory over the past decade, with a noted value of 5.9338 billion Euros in 2023. This value represents real growth data up to 2023 and forecasted values from 2024 onward. Analyzing year-on-year variation, the market fluctuated, demonstrating a peak growth in 2014 with 25.78% and a notable decline in 2019 by 9.24%. Despite this variability, from 2020 to 2023, the market sustained a consistent albeit modest growth rate, with the most recent year-on-year growth of 2.31% in 2023.
For the last five years leading up to 2023, the market experienced an annual average growth rate (CAGR) of 0.74%. Forecasts indicate a further steady growth at an average rate (CAGR) of 1.6% from 2024 to 2028, predicting a market size of 6.5655 billion Euros by 2028, accounting for an overall growth rate of 8.25% over the forecast period.
Future trends to watch for include potential impacts of rising health consciousness among consumers, shifts toward organic and free-range chicken options, changes in consumer spending patterns influenced by economic fluctuations, and innovations in poultry farming and processing technologies.
