Over the past decade, the poultry meat processing industry in Western Europe has shown a nominal growth with minor fluctuations. Between 2014 and 2023, the production volume increased from 328.0 to 350.0 thousand metric tons. The most noticeable growth occurred in 2016 with a 7.53% year-on-year increase. Over the last five years, the compound annual growth rate (CAGR) has been modest at 0.23%, indicating stable but slow growth.
Looking back at the recent years, the year-on-year growth has been minimal, with variations typically around 0.29%. For instance, 2021 to 2023 showed growth rates of 0.58%, 0.29%, and 0.29% respectively. This suggests a trend of steady but limited expansion in the poultry meat processing market.
Future trends to watch for:
- Technological advancements and automation in poultry processing could lead to efficiency gains.
- Consumer preferences toward sustainable and organic products may drive changes in production techniques.
- Regulatory developments on food safety and export-import policies could affect market dynamics.
- The forecast for the next five years anticipates a slight increase in CAGR to 0.28%, with an overall growth rate of 1.42% by 2028.
