In 2023, the beef meat market size volume per capita in South Africa stood at 16.49 kilograms. The forecasted data indicates a gradual year-on-year decline in per capita consumption: -0.55% from 2024 to 2025, -0.55% from 2025 to 2026, -0.55% from 2026 to 2027, and -0.56% from 2027 to 2028. Over the last two years, this represents an average annual decline of -0.55%. This trend over the forecast period (2024-2028) suggests an ongoing decrease with a last 5-year compound annual growth rate (CAGR) of -0.55%.
Future trends to watch for:
- Shifts in consumer preferences towards alternative proteins or plant-based diets.
- Economic factors influencing beef prices and affordability in South Africa.
- Sustainability and environmental concerns affecting beef consumption habits.
- Impact of local production and import policies on market availability and pricing.