Key Market Indicators
American meat consumption is projected to climb to approximately 42.4 million metric tons by 2028, up from around 41.3 million metric tons in 2023. This represents a compound annual growth rate (CAGR) of 0.4%. Notably, since 2019, the demand for meat in the United States has been increasing at an annual rate of 0.5%. On the supply side, American meat production is expected to hit nearly 52.9 million metric tons by 2028, compared to 50 million metric tons in 2023. This translates to a CAGR of 0.9%. Historical data since 1966 shows that the U.S. meat supply has been growing at an annual rate of 1.3%.