Key Market Indicators
Canadian Beef Consumption is projected to drop slightly over the next five years. By 2026, it is predicted to reach 953 thousand metric tons, down from 980 thousand metric tons in 2021, a decrease of 0.4% year on year. Since 2017, demand for beef in Canada has fallen by 0.4% annually. Meanwhile, Canadian Beef Production is expected to rise 1.2% year on year on average, reaching 1.49 million metric tons by 2026. Since 1966, beef production in Canada has increased 4.7% year on year. In 2021, the country ranked 8th, with France overtaking it at 1.4 million metric tons. Brazil, China and Argentina were ranked 2nd, 3rd and 4th respectively.