The forecasted expenses for animal slaughtering and processing in Canada show a steady increase from 2024 to 2028, with values moving from 31.791 to 34.518 billion Canadian dollars. The year-on-year growth is consistent, reflecting a gradual upward trend. In 2023, actual expenses stood at 31.0 billion Canadian dollars. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 2.1%, signifying moderate growth within the industry.
Future trends to watch for include:
-Technological advancements in processing efficiency.
-Potential regulatory changes affecting operational costs.
-Shifts in consumer demand towards more sustainable and ethical practices.
-Global economic conditions impacting commodity prices and supply chains.
