In 2023, U.S. lamb production stood at 64.9 thousand metric tons. Forecast data from 2024 to 2028 indicates a steady decline in production. The year-on-year variation is expected to trend downward, with decreases of approximately 1.8% to 1.9% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) suggests an average annual decline of around 1.7%.
Future trends to watch for include:
- Potential impacts of climate change on agriculture and livestock production.
- Shifts in consumer preferences towards alternative proteins.
- Policy changes affecting agricultural subsidies and import-export dynamics.
- Advancements in farming technologies that could enhance production efficiency.
