Based on the provided data, horse meat production in Australia is forecasted to steadily decline from 22.75 thousand metric tons in 2024 to 22.07 thousand metric tons in 2028. In 2023, the actual production value was slightly above 22.75 thousand metric tons. Year-on-year variations indicate a consistent decrease of approximately 0.75% per year for 2024-2025, and similarly for the subsequent years. The Compound Annual Growth Rate (CAGR) over the five-year forecast period (2024-2028) is projected to be negative, around -0.75% annually.
Future trends to watch for include potential industry impacts from changes in consumer preferences, international trade policies, and environmental regulations, which could influence the demand and production of horse meat. Additionally, monitoring shifts towards alternative protein sources and their market adoption could further affect these forecasts.
