The meat processing industry in South America experienced a significant decrease in 2015 with a 33.33% drop in production. Since then, the production level has plateaued, maintaining a consistent output of 2.0 thousand metric tons from 2016 to 2023. The Compound Annual Growth Rate (CAGR) for the last five years stands at 0%, indicating no growth or decline during this period. For 2023, the industry remained stable with no year-on-year variation. The forecast through 2028 suggests that the production will remain steady at current levels.
Future trends to watch for include:
- Potential technological advancements in meat processing that could improve efficiency.
- Changes in consumer dietary preferences that might impact meat consumption.
- Regulatory shifts in trade and meat processing standards that could affect production volumes.
- Environmental sustainability concerns and their influence on meat processing practices.
