In 2023, indigenous meat gross production in the US was projected to be around $125.41 billion. The forecast for 2024 indicates an increase to $126.31 billion, marking a 0.72% year-on-year rise. Future projections suggest a steady annual growth, with figures reaching $130.08 billion by 2028. The compound annual growth rate (CAGR) over this period is approximately 0.75%.
Future trends to watch for:
- Impact of technological advancements and sustainable practices on production efficiency.
- Shift in consumer preferences toward alternative proteins and its effect on traditional meat demand.
- Potential regulatory changes influencing meat production and trade policies.