Brazil's meat production has shown a steady increase over the years, reaching 30.613 million metric tons in 2023. The period 2013-2023 witnessed a moderate growth trend with fluctuating year-on-year variations. This growth was marked by a significant dip in 2020 (-3.26%), but the sector recovered swiftly with a notable increase in 2021 (7.07%). The compound annual growth rate (CAGR) over the last five years stands at 1.72%, demonstrating stable expansion despite macroeconomic challenges.
Looking ahead, meat production is forecasted to continue its upward trajectory, projecting to reach 33.12 million metric tons by 2028. This implies a five-year CAGR of 1.24%, indicating a sustained, albeit slightly slower, growth rate. Key future trends to watch for include:
- Advances in livestock breeding and management technologies.- Increasing global demand for animal protein.- Impacts of climate change on agriculture practices.- Government policies on sustainable farming.- Fluctuations in feed prices and their effect on production costs.
