Forecast: Mutton and Goat Meat Market Size Volume in Indonesia

The mutton and goat meat market volume in Indonesia experienced considerable fluctuations over the past decade, with a drop seen in 2020 followed by a recovery to consistent levels of around 121.0 thousand metric tons from 2021 to 2023. Notably, the CAGR over the last five years was 0.17%, indicating a relatively stable market with minor growth.

Year-on-year variations highlight significant shifts: a notable decrease in 2016 (-5.69%) and 2020 (-17%), contrasted by a substantial increase in 2021 (20.48%). The market remained flat from 2022 to 2023 with no year-on-year change. Forecasts from 2024 to 2028 indicate marginal declines, with a negative 5-year growth rate of -0.19% and a forecasted CAGR of -0.04%, suggesting a stabilizing yet slightly contracting market.

Future trends to watch for:

• Potential impacts of economic conditions and policy changes on the meat industry.
• Consumer preference shifts towards different meat types or plant-based alternatives.
• Innovations in meat production and supply chain efficiency.