In 2023, the distribution of beef and veal meat in Canada stood at 1.60 million metric tons. Over the forecast period from 2024 to 2028, the distribution is expected to see steady growth, starting at 1.61 million metric tons in 2024 and reaching 1.63 million metric tons by 2028. The year-on-year growth is relatively modest, maintaining a consistent rise primarily around 0.61% annually. The compound annual growth rate (CAGR) over the five-year period is projected at approximately 0.50%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards alternative protein sources which could impact beef demand.
- Geopolitical factors and trade partnerships influencing the distribution network.
- Technological advancements in meat production and supply chain processes enhancing efficiency.