The indigenous beef meat gross production in Canada is forecasted to experience a steady increase from 2024 to 2028. In terms of year-on-year growth, the anticipated percentage variation indicates a positive trend albeit gradually, reflecting a consistent demand and slight growth in the industry. With a compound annual growth rate (CAGR) over the last five years, the industry indicates stable development. As of 2023, the market value was slightly lower compared to 2024 forecasts.
Future trends to watch for include:
- Potential impact of climate change on cattle farming and beef production.
- Consumer shifts towards plant-based diets which might affect demand.
- Developments in trade policies that could influence the export market.
- Technological advancements in cattle farming and production efficiency.
