In 2023, US offals production stood at 1.71 million metric tons. From 2024 onwards, forecasts indicate a steady annual growth in offals production, rising progressively to 1.76 million metric tons by 2028. This reflects a consistent year-on-year increase of approximately 0.58%, based on the changing annual values. Over a five-year period, the compound annual growth rate (CAGR) averages around 0.58% per year, maintaining a stable growth trajectory in production volumes.
Future trends to watch for include:
- Potential impacts of regulatory changes on meat and by-product industries.
- Shifts in consumer preferences towards plant-based diets affecting demand for offals.
- Technological advancements in meat processing may enhance production efficiency.
- Global trade dynamics and their influence on the US meat export markets.