Forecast: Meat Production in Singapore

Meat production in Singapore stood at 130.54 thousand metric tons in 2023. From 2013 to 2023, the production showed a varying trend with noticeable fluctuations. Initially decreasing between 2013 and 2015, it saw a significant recovery in 2016. While there were slight dips in subsequent years, overall growth ensued, with a Compound Annual Growth Rate (CAGR) of 0.64% observed over the past five years.

Recent variations in meat production have been relatively stable. The year-on-year changes from 2022 to 2023 showed a slight increase of 0.67%. Moving forward, forecasts indicate a gradual rise in meat production, projecting a 5-year CAGR of 0.54%, with an overall growth of 2.72% by 2028.

Future trends to watch for:

• Technological advancements in meat production and alternative protein sources.
• Changing dietary preferences towards plant-based proteins impacting meat consumption.
• Economic and environmental policies that could affect local meat production capacities.