From 2013 to 2023, the poultry meat slaughtering industry in Europe has shown a steady increase, with values climbing from 10.485 billion heads in 2013 to 12.818 billion heads in 2023. Despite a slight dip in 2020, the overall trend reveals an average growth, marked by a Compound Annual Growth Rate (CAGR) of 1.49% over the past five years. The year-on-year variation demonstrates modest upward and downward shifts, reflecting market adjustments and external factors.
From 2024 onwards, forecasts predict continued growth, with the industry expected to reach 13.858 billion heads by 2028. The forecasted 5-year CAGR of 1.23% implies sustained, albeit slower, growth compared to the previous decade's trends.
Future trends to watch for include:
- Sustainability and environmental impacts influencing production practices.
- Shifting consumer preferences towards plant-based alternatives affecting demand.
- Technological advancements in farming and processing increasing efficiency.
