The analysis reveals that meat demand in Kenya stood at 813 Thousand Metric Tons in 2023. From 2014 to 2023, meat demand showed an overall growth trend with slight fluctuations. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.58%. The year-on-year variation for 2023 is 0.74%, slightly consistent with prior years. Notable variations include a significant drop in 2020 by 4.16% and a peak increase in 2021 by 6.19%. Looking ahead, from 2024 to 2028, the forecast suggests a modest CAGR of 0.63%, pointing to a steady rise in meat demand with a projected growth rate of 3.19% over this period.
Future Trends to Watch For:
- Impact of economic recovery post-pandemic on meat consumption
- Shifts in dietary preferences and increasing health consciousness
- Potential effects of climate change on livestock production
- Innovations in meat alternatives and their market penetration.
