The analysis of meat demand in Ghana reveals varying trends between 2014 and 2023. The volume stood at 466 thousand metric tons in 2023, marking a modest year-on-year increase of 1.3%. Over the last five years, the compound annual growth rate (CAGR) has been relatively flat at 0.48%, indicating stable but slow growth. Earlier years between 2014 and 2018 displayed more volatility, including significant increases in 2017 and 2018 and a notable drop in 2016. Post-2019, the meat volume saw fluctuations with another drop in 2020, followed by a recovery in 2021.

Future trends to watch for:

Continued moderate growth: The five-year forecast CAGR is projected to be 1.03%, with an overall growth rate of 5.25% by 2028.
Economic factors: Economic conditions, including GDP growth and disposable income, will significantly impact meat demand.
Dietary shifts: Changes in consumer preferences towards healthier and more sustainable food options could affect meat consumption patterns.