The forecast for Canada's veal production from 2024 to 2028 indicates a gradual decline, beginning at 33.16 thousand metric tons in 2024 and decreasing to 32.4 thousand metric tons by 2028. This downturn represents a slow, year-on-year reduction averaging around 0.57%. The compound annual growth rate (CAGR) over these five years is a slight negative trend, signaling a consistent downtrend in veal production after 2023 levels.
Future trends to watch for include:
- Potential changes in consumer preferences towards alternative proteins.
- Economic factors that may affect production costs.
- Environmental regulations impacting livestock farming practices.
