In 2023, US red meat production stood at 57.00 billion pounds. Projections for 2024 to 2028 show steady growth, rising from 57.56 billion pounds in 2024 to 59.81 billion pounds in 2028. Year-on-year growth rates demonstrate consistent expansion, with increases of roughly 1% each year, evidencing a strong market resilience. The compound annual growth rate (CAGR) over the five-year period is approximately 1%.
Future trends to watch for include:
- Adoption of sustainable practices impacting production levels.
- Potential regulatory changes affecting the meat industry.
- Shifts in consumer demand towards plant-based proteins.
- Global trade dynamics influencing export markets.
