The forecasted demand for pork in Canada from 2024 to 2028 shows a steady increase. Starting from 1.08 million metric tons in 2024, the demand remains stable at 1.08 million metric tons in 2025, increases slightly to 1.09 million metric tons in 2026 and 2027, and finally reaches 1.1 million metric tons in 2028. For reference, the value in 2023 stood at 1.08 million metric tons.
The year-on-year variation from 2024 to 2025 is 0%, from 2025 to 2026 is approximately 0.93%, and from 2026 to 2027 is 0%. The year-on-year variation from 2027 to 2028 is around 0.92%. The compound annual growth rate (CAGR) over the last five years is approximately 0.46%.
Future trends to watch for include potential shifts in consumer preferences towards alternative protein sources, environmental concerns influencing meat consumption, and economic factors affecting disposable income and purchasing power. Additionally, policy changes and advancements in pork production technology could impact future demand significantly.
