The sold production of frozen poultry meat in the UK has exhibited significant variability from 2013 to 2023, increasing from 168.69 million kilograms to 226.58 million kilograms. This growth trajectory includes periods of substantial gains (2017: +12.56%) interspersed with a notable dip in 2018 (-19.35%). The recent trend from 2021 to 2023 shows steady growth with year-on-year increases of around 1.3%-1.4%, reflecting a period of stabilization. The average annual growth rate (CAGR) over the last five years was 3.24%.
Looking ahead, the forecast data suggest a continued upward trend, with the annual growth rate (CAGR) moderating to 0.96% over the next five years, culminating in a 4.87% total increase by 2028. This indicates a more stable but incremental growth pattern for the industry.
Future trends to watch for include:
- Potential impacts of regulatory changes on production and trade.
- Changing consumer preferences towards alternative protein sources.
- Technological advancements in poultry farming and processing.
- Market responses to shifts in global economic conditions and trade policies.
