In 2023, the volume per capita of beef meat in Chile stood at 22.46 kilograms. The forecasted data for the upcoming years show a steady increase in per capita consumption. Specifically, the values are expected to rise to 22.55 kg in 2024, 22.64 kg in 2025, 22.72 kg in 2026, 22.81 kg in 2027, and 22.89 kg in 2028.
Year-on-year variations indicate a consistent growth pattern. For instance, from 2023 to 2024, the per capita consumption increases by approximately 0.4%. This steady upward trend continues with a similar annual growth rate, depicting a positive trajectory in beef consumption.
The Compound Annual Growth Rate (CAGR) over the next five years is projected to be around 0.4%, indicating a stable and incremental rise in beef consumption per capita in Chile.
Future trends to watch for include potential impacts of economic factors such as income levels and price fluctuations, as well as shifts in consumer preferences towards plant-based alternatives or other protein sources. Monitoring these trends will be crucial for understanding future market dynamics.
