The US sheep meat production in 2023 was slightly higher than the figures forecasted for subsequent years. From 2024 onwards, a consistent declining trend is observed, with the production decreasing from an estimated 52.75 thousand metric tons in 2024 to 48.56 thousand metric tons in 2028. The year-on-year decrease indicates a declining interest or capacity in sheep meat production.
Considering the 2024-2028 forecast period:
- 2024 vs 2025: The production is expected to decline by approximately 2.7%.
- 2025 vs 2026: The production is anticipated to decrease by around 2.2%.
- 2026 vs 2027: A decline of roughly 1.8% is forecasted.
- 2027 vs 2028: The production may reduce by about 1.5%.
- CAGR (2024-2028): An average yearly decline of around 2% is expected.
Future trends to watch for include potential shifts in consumer preference towards alternative proteins, which may exacerbate the decline. Moreover, efficiency improvements in livestock management or government policy changes could affect production levels. Monitoring these factors will be crucial for stakeholders.
