In 2023, Brazil's veal and beef production stood at a value of 24.13 billion USD. The forecast for the period from 2024 to 2028 indicates a steady growth, with values increasing from 24.46 billion USD in 2024 to 25.79 billion USD in 2028.
Year-on-year analysis shows a consistent upward trend, reflecting an approximate annual growth rate of 1% to 1.3% over the forecasted years. The five-year compound annual growth rate (CAGR) is projected to be around 1.3%, indicating healthy expansion in the beef and veal market at the farm gate level.
Future trends to watch for include:
- Impact of global demand on exports and domestic consumption
- Policy changes affecting agricultural practices and trade
- Technological advancements increasing efficiency and production capacity
