The forecasted horse meat production in South Africa for 2024 is 1.35 thousand metric tons. This value is expected to slightly decline year-on-year, reaching 1.3 thousand metric tons by 2028. The year-on-year percentage variations show a gradual decline of approximately 0.74% from 2024 to 2025, 1.49% from 2025 to 2026, 0.76% from 2026 to 2027, and 0.76% from 2027 to 2028. When analyzing the last available actual data from 2023, the Compound Annual Growth Rate (CAGR) over the five-year period averages to a negative rate given the consistent decrease in production.
Future trends to watch for include potential shifts in consumer demand, changes in export markets, and regulatory impacts on horse meat production and trade. Additionally, advancements in alternative protein sources may influence the production rates in the coming years.
