In 2023, Italy's cattle production stood at 1.08 million metric tons. The forecast from 2024 to 2028 shows a continuous decline in production, with slight decreases each year. Specifically, production is projected to fall to 1.06 million metric tons in 2024, followed by subsequent annual declines reaching approximately 0.98266 million metric tons by 2028. The year-on-year variations indicate a consistent downward trend with an average compound annual growth rate (CAGR) reflecting these steady declines. This suggests that the production levels will decrease gradually over this timeframe.
Future trends to watch include:
- Market demand shifts due to changing consumer preferences towards more sustainable and plant-based foods.
- Potential regulatory impacts from EU policies promoting sustainability and reducing greenhouse gas emissions.
- Advancements in agricultural technology that might improve efficiency in livestock management.
- Economic factors such as feed costs and global market volatility affecting production costs and competitiveness.