The opening inventories for meat product manufacturing in Canada increased from an actual value in 2023 to forecasted values thereafter. In 2024, inventories are projected to be CAD 2.03 billion, gradually rising each year to reach CAD 2.35 billion by 2028. This reflects a compound annual growth rate (CAGR) of approximately 3.7% over the five-year span.
Future trends to monitor include:
- Impact of consumer preferences shifting towards plant-based diets.
- Potential trade agreements or disruptions affecting meat exports and imports.
- Technological advancements in meat production and supply chain efficiency.
