The beef and veal production in Brazil is projected to grow steadily from 2024 to 2028, increasing from 10.69 million metric tons to 11.17 million metric tons. When analyzing the trend, the production shows an average year-on-year growth rate of around 1.13% from 2024 to 2028. Comparing with 2023, where the production was slightly lower, this forecast reflects a positive growth trajectory. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.2%, indicating a consistent upward trend.
Future trends to watch for include:
- The impact of climate change on cattle farming and its potential to affect production levels.
- Fluctuating global demand for beef and veal, particularly from emerging markets.
- Technological advancements in livestock management improving efficiency and output.
- Changes in trade policies influencing Brazil's export potential.