The domestic consumption of beef and veal meat in the US is forecasted to grow steadily from 12.66 million metric tons in 2024 to 12.82 million metric tons by 2028. This represents an annual increase of approximately 0.5% to 0.6% year-on-year. In 2023, consumption stood at 12.62 million metric tons. Over the five-year period, the compound annual growth rate (CAGR) is projected to be around 0.4%.

Future trends to watch for include:

Shifts in consumer preferences toward plant-based alternatives which could impact beef consumption growth.
Potential economic fluctuations influencing demand.
Sustainability and environmental concerns affecting production practices and consumer choices.