Swine meat domestic consumption in South Africa has shown incremental growth over the past few years. In 2023, consumption stood at 330.0 thousand metric tons. The forecast for 2024 indicates a 1.82% year-on-year increase to 336.0 thousand metric tons. Projections continue to show steady growth, with expected consumption reaching 362.0 thousand metric tons by 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.86%, reflecting a stable upward trajectory in consumption.
Future trends to watch for include:
- Economic factors affecting disposable income and dietary preferences.
- Impact of population growth and urbanization on meat demand.
- Changes in meat import policies and local production capabilities.
- Shifts towards sustainable and ethical consumption influencing market dynamics.
- Inflation rates and their effect on meat prices and affordability.
