The meat processing industry in Oceania has seen a steady increase from 48.0 thousand metric tons in 2014 to 101.0 thousand metric tons in 2023, with an average yearly growth rate (CAGR) of 2.56% over the last five years. The year-on-year growth for 2023 was 3.06%. Key spikes in growth were observed in 2016 (38%) and 2018 (14.1%), while other years showed consistent, if moderate, increases.
Future trends indicate a continued, albeit slower, growth with a forecasted CAGR of 2.03% from 2023 to 2028, resulting in a total projected volume of 115.0 thousand metric tons by 2028.
Watch for:
• Technological advancements in processing techniques.
• Changes in trade policies affecting meat exports.
• Consumer preference shifts towards sustainable and alternative protein sources.
• Impact of climate change on livestock productivity.
