The forecasted red meat consumption in the US shows a moderate upward trend from 2024 to 2028. In 2023, the consumption stood at 150.81 pounds per capita. The year-on-year increase is very marginal, with a consistent annual increase of approximately 0.1%. The compound annual growth rate (CAGR) from 2024 to 2028 is calculated to be around 0.1%, reflecting stable consumption.

Future trends to watch for include:

Potential shifts in consumer preferences towards plant-based or alternative proteins due to health and environmental awareness.
Impact of economic factors such as inflation and income levels on meat consumption patterns.
Policy changes regarding meat production and consumption affecting market dynamics.
Technological advancements in sustainable meat production.