In 2023, the beef and veal meat supply in the US stood at approximately 14.26 million metric tons. The forecasted supply for 2024 through 2028 shows a steady year-on-year growth: 0.42% increase from 2023 to 2024, 0.42% from 2024 to 2025, 0.42% from 2025 to 2026, and 0.35% from 2026 to 2027, culminating in a 0.41% rise from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is about 0.4%, signaling a consistent upward trajectory in the US beef and veal supply.
Future trends to watch for:
- Environmental regulatory changes impacting production.
- Shifts in consumer preferences towards plant-based alternatives.
- Trade policy shifts affecting import-export dynamics.
- Technological advancements enhancing production efficiency.
