The forecast for beef consumption per capita in Canada shows a slight decline from 2024 to 2028, starting at 17.41 kg in 2024 and decreasing to 17.3 kg by 2028. This forecast suggests a steady, albeit minimal, downward trend. As of 2023, actual beef consumption was slightly higher, though no specific data is provided for that year here.
Year-on-year variations highlight a gradual decline, with a minimal percentage decrease over each subsequent year. The compound annual growth rate (CAGR) reflects a consistent small-scale decline over the forecasted period.
Future trends to watch for include shifts in consumer preferences towards plant-based diets, environmental concerns impacting beef production, and potential price fluctuations due to global economic changes and Canadian market dynamics.
