The mutton and goat meat market in Australia has shown some fluctuations over the past decade. From 2014 to 2023, the market saw periods of growth and decline, with a significant drop in 2017. The volume in 2023 stood at 228.0 thousand metric tons, showing a static trend from 2022. The year-on-year variation over the last two years was 0%, while the CAGR over the past five years was -0.17%.
Looking ahead, the market is expected to remain relatively stable with a slight downward trend. The forecasted data from 2024 to 2028 suggests a minimal decline with a 5-year CAGR of -0.09% and an overall growth rate of -0.44% by 2028.
Future trends to watch for include potential changes in consumer preferences, impacts of climate change on livestock farming, and shifts in export markets which could affect production volumes. Additionally, innovations in meat alternatives may influence the demand for traditional mutton and goat meat in Australia.
