Forecast: Meat Demand in Brazil

Brazil's meat demand showed a fluctuating trend from 2014 to 2023, standing at 21.22 million metric tons in 2023. Notable variations occurred with significant dips, such as a 16.59% decrease in 2020, likely influenced by external economic factors. Conversely, 2021 saw a substantial increase of 21.05%, indicating recovery. The compound annual growth rate (CAGR) over the past five years stands at 0.4%, reflecting a slightly upward but stable trend.

Looking forward to 2028, with a forecasted CAGR of 0.37%, Brazil’s meat demand is expected to grow modestly by 1.84%, suggesting continued but steady growth. Future trends to watch include the impact of economic fluctuations, changes in consumer preferences towards sustainable and alternative proteins, and potential disruptions in supply chains.

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