Based on the forecasted data for Brazil's beef meat market, the per capita consumption is expected to decline slightly over the coming years. In 2023, the actual consumption stood at 36.75 kilograms per capita. By 2024, this figure is forecasted to be 36.64 kilograms per capita, showing a minor decline. The downward trend continues in 2025 (36.53 kg), 2026 (36.42 kg), 2027 (36.31 kg), and finally in 2028 (36.21 kg).
Year-on-year percentage variations are minimal, indicating a slow but consistent decline. For instance, the change from 2024 to 2025 is approximately -0.3%, and similarly for the subsequent years.
Over the last two years, the market has seen this small downward trend, averaging a compound annual growth rate (CAGR) of about -0.3% annually when extended over the five-year forecast period.
Future trends to watch for:
- Potential shifts in consumer preferences towards alternative proteins or plant-based diets.
- Impact of economic factors, such as inflation or changes in disposable income, on meat consumption patterns.
- Environmental and sustainability concerns influencing beef production and consumption.
- Government policies and regulations regarding meat production and consumption.
