In 2023, Canada's veal and beef production was recorded at 1.61 million metric tons. The forecast data from 2024 to 2028 indicates a gradual increase, with production expected to reach 1.7 million metric tons by 2028. The year-on-year percentage increase is consistent, showing an average annual growth of approximately 0.61% from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is consistent with the trend of moderate growth.
Future trends to watch for include potential impacts of climate change on cattle farming conditions, shifts in consumer demand towards plant-based alternatives, and potential policy changes regarding agriculture and meat production. Changes in trade agreements may also influence export opportunities.
