The meat market volume in Ghana has shown varied fluctuations from 2014 to the present year, 2023. In 2023, the volume stood at 465.0 thousand metric tons, marking a modest year-on-year increase of 1.31%. The average annual growth rate (CAGR) over the past five years was 0.48%, reflecting some level of market recovery after a significant decline in 2020. Earlier, the market witnessed notable growth between 2017 and 2018, followed by a regression in 2019 and 2020. For the future, the forecasted period from 2024–2028 anticipates a steady growth with a forecasted CAGR of 1.02%, translating to an overall growth rate of 5.2% by 2028.
Future trends to watch for:
- Varying consumer preferences and shifts towards alternative protein sources
- Potential impacts of economic factors and policy changes on the meat market
- Advancements in meat production and processing technologies
- Increasing focus on sustainability and ethical meat consumption
