The meat market size in Spain experienced fluctuations between 2013 and 2023, standing at 6.3591 billion kilograms in 2023. From 2013 to 2023, the market saw periods of growth and decline but maintained a general upward trend. A detailed look reveals varying year-on-year changes: significant increases in 2016 (8.9%) and 2018 (10.24%), but also noting declines such as in 2014 (-1.21%) and 2017 (-2.72%). The last five years show a consistent albeit moderate growth trend with a Compound Annual Growth Rate (CAGR) of 1.16%, projecting a 1.47% CAGR over the next five years.
Key future trends to watch for include:
- Increasing consumer demand for organic and sustainably sourced meat products.
- The impact of potential regulatory changes on meat production and importation.
- Adoption of advanced technologies in meat processing and supply chain management.
- Shifts in consumer preferences towards plant-based alternatives, influencing market dynamics.
- Economic factors affecting disposable income and purchasing power impacting meat consumption.
