The meat demand in Canada has experienced moderate growth between 2014 and 2023, reaching 3.62 million metric tons in 2023. Year-on-year variations during this period showed fluctuations, including both growth and decline, with notable increases in 2015 and 2018, and decreases in 2016 and 2019. From 2019 to 2023, the compound annual growth rate (CAGR) stabilized at around 0.19%.
Looking forward, forecasts indicate a gradual increase in meat demand, projected to reach 3.69 million metric tons by 2028. The forecasted 5-year CAGR from 2024 to 2028 is estimated at 0.25%, expecting a total growth rate of 1.28% over this period.
Future trends to watch for include potential shifts in consumer preferences towards plant-based proteins and sustainable food sources, which could impact overall meat demand, alongside economic and demographic changes that may influence consumption patterns.
