The beef and veal meat consumption per capita in Canada is expected to experience modest annual increases from 2024 to 2028. Starting at 26.43 kg in 2024, it's forecasted to grow to 27.52 kg by 2028, indicating a steady year-on-year increase of approximately 1% over this period. In 2023, the consumption stood at a similar level to 2024, reflecting stability in consumption habits before the forecasted growth. The Compound Annual Growth Rate (CAGR) over the five-year period is steady, showing a gradual upward trend.
Future trends to watch include potential influencers such as changes in dietary preferences toward alternative proteins, sustainability concerns regarding meat production, and economic factors affecting meat prices. Monitoring consumer preference shifts and regulatory changes will be crucial for accurate forecasting and adjusting market strategies accordingly.
