The mutton and goat meat market in Egypt has witnessed a significant decline over the past decade. From a high of 143,000 metric tons in 2015, the market volume has steadily decreased to 60,000 metric tons in 2023, representing a year-on-year decline of 6.25%. The five-year Compound Annual Growth Rate (CAGR) for 2023 is calculated at -4.36%. The forecasted data from 2024 to 2028 projects a continued decline, with the market expected to reach 35.8 thousand metric tons by 2028, implying a five-year forecast CAGR of -8.16% and a total decline of 34.67% over this period.
Future trends to watch for include:
- The impact of economic conditions and policy changes on livestock production and meat consumption.
- Potential shifts in consumer preferences towards alternative protein sources.
- Technological advancements and improvements in supply chain logistics affecting market dynamics.