In 2023, Canada's beef and veal exports were robust, establishing a solid foundation for the projected growth through to 2028. Starting at 571 thousand metric tons in 2024, there is a steady upward trajectory, with an annual increase approximately between 1% to 2% leading to 594 thousand metric tons in 2028. The compound annual growth rate (CAGR) over this five-year period reflects a consistent and modest expansion of the sector.

Future trends to watch for include:

Potential impacts of trade agreements on export volumes.
Shifts in global meat demand, particularly in Asia and Europe.
Possible competitive pressures from other protein sources, including plant-based alternatives.
Economic factors that could influence production costs and pricing.
Regulatory changes influencing export policies.