The mutton and goat meat market in Oceania stood at 297.0 thousand metric tons in 2023. The market experienced fluctuations between 2014 and 2023. Notably, growth was seen in certain years such as 2015 and 2016 but was followed by significant declines like in 2017 and again between 2019-2020. The year-on-year variation for 2023 was a decrease of 0.34%, while the 5-year CAGR was -0.46%. Looking forward, the market is expected to decline continuously, with a projected CAGR of -0.37% through 2028, resulting in an overall decrease of 1.84% over the next five years.
The future trends to watch for include changes in consumer preferences towards alternative proteins, potential trade restrictions, and climatic impacts on livestock farming. Monitoring these factors will be crucial for stakeholders in the mutton and goat meat market.
