In 2023, the number of enterprises in the UK meat and poultry meat products sector stood at an actual value of 557 enterprises. The forecasted data from 2024 to 2028 indicates a steady decline year-on-year. In 2024, there are expected to be 555 enterprises, decreasing to 547 by 2028. This trend shows a consistent annual reduction of approximately 0.36% through these years. Over the entire five-year period, the average compound annual growth rate (CAGR) is expected to be negative, reflecting ongoing industry consolidation or challenges within the market.
To watch future trends, consider monitoring the impact of changing consumer preferences towards plant-based diets, potential regulatory changes regarding sustainability, and Brexit-related trade adjustments. These factors could significantly affect the sector's dynamics and enterprise viability in the coming years.
