Brazil's beef meat production has shown fluctuations over the past decade, standing at 10.611 million metric tons in 2023. From 2013 to 2023, the market experienced both downturns and periods of growth with an overall increasing trend. Notable dips occurred in 2015 and 2016, followed by recovery years, particularly in 2019 and 2021. The Compounded Annual Growth Rate (CAGR) over the last five years stands at 1.4%. Forecasts indicate continued growth with a CAGR of 0.9% projected over the next five years, reaching 11.235 million metric tons by 2028.
Future trends to watch for:
- Impact of changing trade policies and export demand, particularly from key markets like China.
- Technological advancements in livestock breeding and farming efficiency.
- Climate change effects and sustainability measures on cattle farming practices.
- Domestic consumption patterns influenced by economic conditions and dietary shifts.
