The forecast for household expenditure on meat (except processed meat) in Canada shows a steady upward trend from 2024 to 2028. The expenditure is expected to grow annually by 3% in 2025 and approximately 2% in each subsequent year. In 2023, actual data indicated the start of this rising trend. This consistent growth results in a compound annual growth rate (CAGR) of about 2% over the forecast period.
Future trends to watch for include:
- Potential shifts in consumer preferences towards organic or sustainably sourced meat
- Impacts of economic factors and inflation on purchasing power
- Possible disruptions in the supply chain affecting meat prices
- Emerging dietary trends that could influence meat consumption patterns
