The beef and veal meat domestic consumption in the US is forecasted to increase steadily from 12.66 million metric tons in 2024 to 12.82 million metric tons in 2028. This represents an average yearly growth rate of approximately 0.31% over the period. In 2023, the consumption stood at 12.62 million metric tons. The year-on-year percentage change from 2024 to 2028 shows a consistent and modest upward trend reflective of stable demand.
Future trends to watch for:
- Potential impacts of shifting consumer preferences towards alternative proteins.
- Influence of environmental and sustainability concerns on beef and veal production practices.
- The effect of economic factors such as income changes and inflation on meat prices and consumption.
