The demand for beef meat in Kenya has shown a general upward trend from 2014 to 2023, peaking in 2022 before adjusting slightly in later years. By 2023, the demand stood at 601.0 thousand metric tons, reflecting a 1.18% year-on-year growth. Over the last two years, the year-on-year variation has moderated, and the Compound Annual Growth Rate (CAGR) over the past five years stands at 0.99%. Future growth is expected to average 1.01% CAGR, reaching a forecasted 640.9 thousand metric tons by 2028, with a cumulative growth rate of 5.15% over five years.
Trends to watch for:
- Economic growth and population increases in Kenya could further drive demand.
- Shifts toward sustainable and organic beef production could influence market dynamics.
- Potential impacts from changes in meat consumption patterns, influenced by health and environmental concerns.