In 2023, the beef meat market size volume per capita in Argentina stood at approximately 55.54 kilograms per capita. Forecasted data for 2024 anticipates a slight increase to 55.82 kg per capita, marking a year-on-year increase of 0.50%. This growth trend continues with 56.09 kg in 2025 (0.48% increase), 56.36 kg in 2026 (0.48% increase), 56.62 kg in 2027 (0.46% increase), and 56.87 kg in 2028 (0.44% increase). The compound annual growth rate (CAGR) over the five-year period (2024-2028) is projected to be approximately 0.47%.
Trends to watch for in the future include:
- Changes in consumer preferences towards alternative proteins that could impact beef consumption trends.
- Potential technological advancements in beef production and processing that could affect market dynamics.
- The influence of economic conditions and pricing on beef consumption patterns.
- Environmental and sustainability initiatives that might shift consumer behavior and industry practices.