In 2023, Canada’s human domestic consumption of beef and veal meat was recorded at 1.0 million metric tons (carcass weight equivalent). Forecasts for 2024 to 2028 indicate a stagnant trend, with consumption levels remaining constant at 1.0 million metric tons annually. This stability reflects zero year-on-year variation and no observed compound annual growth rate (CAGR) from 2024 onward, suggesting no expected changes in consumption volume over the forecasted period.
Future trends to watch for:
- Potential dietary shifts towards plant-based proteins impacting beef and veal demand.
- Economic factors affecting consumer purchasing power and meat consumption preferences.
- Trade policies and international agreements influencing Canada's beef and veal market.
- Environmental and sustainability concerns shaping public attitudes towards meat consumption.