The meat market volume in Africa stood at 20.42 million metric tons in 2023. From 2014 to 2018, the market exhibited a steady increase with notable year-on-year growth, peaking in 2018 at 4.89%. However, periods of decline followed in 2019 and 2020, with a significant drop of 4.62% in 2020. The market rebounded with a 5.68% increase in 2021 and has since seen modest positive growth. The CAGR for the past five years was 0.083%, indicating a cautiously growing market.
Between 2024 and 2028, the African meat market is forecasted to continue its modest growth, with a five-year CAGR of 0.31% and a total growth rate of 1.53%. Future trends to watch for include changes in consumption patterns, technological advancements in meat production, and the impact of government policies on the agricultural sector.
