The fresh bovine meat market in Luxembourg reached a market size of 66.449 million Euros in 2023, marking a consistent expansion. Over the last two years, the market recorded a 2.45% increment in 2023 following a 2.54% rise in 2022. The five-year compound annual growth rate (CAGR) stands at 1.42%, illustrating stable growth since 2018.
Future trends to watch for:
- Potential impact of changing dietary preferences as consumers lean towards plant-based alternatives.
- Economic factors influencing purchasing power, particularly in a post-pandemic context.
- Regulatory influences or trade policies affecting import-export practices.
How does Luxembourg rank in Fresh Bovine Meat Market Size Value?
| # | 21 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 2,882,300,000,000 | 2023 | +7.1% | +633.14% | View data |
| 2 | 2 United Kingdom | 9,310,000,000 | 2023 | +2.19% | +2.3% | View data |
| 3 | 3 Italy | 8,284,500,000 | 2023 | +1.09% | +0.8% | View data |
| 4 | 4 France | 8,249,900,000 | 2023 | -0.54% | -0.99% | View data |
| 5 | 5 Germany | 8,191,900,000 | 2023 | +2.31% | +1.58% | View data |
| 16 | 16 Slovakia | 121,920,000 | 2023 | +5.47% | +3.34% | View data |
| 17 | 17 Hungary | 84,239,000 | 2023 | +5.32% | +0.68% | View data |
| 18 | 18 Luxembourg | 66,449,000 | 2023 | +2.45% | +1.42% | |
| 19 | 19 Bulgaria | 55,456,000 | 2023 | +2.1% | +2.22% | View data |
| 20 | 20 Lithuania | 42,317,000 | 2023 | -0.42% | -2.17% | View data |
