In 2023, the value added of meat product manufacturing in Canada stood at 13.000 billion Canadian dollars. The forecasted values for the subsequent years indicate a steady increase: 13.784B in 2024, 14.679B in 2025, 15.566B in 2026, 16.443B in 2027, and 17.312B in 2028.
Year-on-year variations:
- 2024-2025: 6.49%
- 2025-2026: 6.04%
- 2026-2027: 5.63%
- 2027-2028: 5.28%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 6.01%.
Future trends to watch for include advances in meat processing technology, shifts towards sustainable and ethical meat production practices, and the impact of evolving consumer preferences, particularly towards plant-based and alternative proteins, which could potentially influence the market dynamics significantly.
