The US lamb and mutton sales market has shown fluctuating trends over the last decade. Actual sales have grown from $405.18 million in 2013 to $490.14 million in 2023. Year-on-year variations illustrate a mix of positive growth and contractions, with notable increases in 2014 (15.58%) and a moderate rise in 2020 (1.7%). The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.64%. From 2024 onwards, the forecasted sales continue to grow modestly, with a projected CAGR of 1.08% through 2028, reaching an estimated $525.41 million.
Future trends to watch for:
- Consumer preferences shifting towards sustainable and ethically sourced meat
- Potential impact of economic factors on meat consumption
- Emerging technologies in meat production
- Innovations in plant-based and alternative meats
