In 2023, Canada's horse meat production stood at 21.56 thousand metric tons. Between 2024 and 2028, forecasts suggest a gradual decrease, with production declining from 21.47 to 21.11 thousand metric tons. This represents a consistent year-on-year decline of approximately 0.42%. The 5-year compound annual growth rate (CAGR) reveals an average annual decrease of about 0.41% over this period.
Future trends to watch for include:
- Potential changes in consumer demand and international trade policies that could impact production levels.
- Regulatory shifts focusing on animal welfare, which might influence breeding and slaughter practices.
- Technological advancements in meat production and distribution that could affect operational efficiencies.