Veal and beef production in Vietnam showed a steady increase from 2013 to 2023, culminating at 209.2 thousand metric tons in 2023. The year-on-year variations over the last two years were 3.37% in 2022 and 3.24% in 2023. The average annual growth rate (CAGR) over the past five years has been 4.26%, highlighting a robust upward trend. Looking forward, production is forecasted to grow at a CAGR of 2.27% from 2024 to 2028, reaching 241.37 thousand metric tons by 2028 with an overall growth rate of 11.89% over the five-year forecast period.
Future trends to watch for include:
- Potential shifts in domestic and international demand for veal and beef driven by changing consumer preferences.
- Technological innovations in livestock farming that could enhance production efficiency.
- Policy changes and trade agreements that may impact the veal and beef industry in Vietnam.
- Sustainability practices and their impact on production and export opportunities.
