The poultry meat market in Spain has shown varied trends from 2013 to 2023. Starting from 2013 with an 8.59% year-on-year growth, there were fluctuations in the subsequent years with the notable growth in 2016 at 4.71% and a peak achieved in 2018 at 5.2443 Billion Euros. Post-2018, the market experienced declines with the most significant dip occurring in 2019 at -4.55%, falling down to 4.8206 Billion Euros by 2023. The last two years saw continuous declines, with a year-on-year decrease of -1.35% in both 2022 and 2023. The average annual decrease (CAGR) over the last five years was -1.67%.
Looking forward, the forecast data suggest a continual decline in market size, decreasing from 4.7551 Billion Euros in 2024 to 4.4999 Billion Euros by 2028, with an expected average annual decline of -1.1%. The overall growth rate for the next five years is projected to be -5.37%.
Future trends to watch for include potential impacts of emerging health trends, shifts towards alternative protein sources, changes in consumer preferences, and regulatory changes affecting production. Monitoring these factors will provide insights into mitigating the forecasted decline or identifying new growth opportunities.
