Meat production in Canada experienced fluctuations from 2013 to 2023. The volume in 2023 stood at 5.3052 million metric tons. Noteworthy trends include a significant reduction of 4.97% in 2020, followed by a substantial recovery with an 8.76% increase in 2021. The past two years have shown stable growth with year-on-year variations of -0.73% and 1.21% respectively. The 5-year CAGR from 2018 to 2023 averaged at 1.7%, indicating a moderate growth trend.
Looking forward, the meat production forecast suggests a consistent increase from 2024 to 2028, with a 5-year CAGR projected at 0.95%. Key factors that may influence this growth include advancements in livestock farming technologies, changes in consumer preferences, and government policies impacting agriculture.
