Based on the forecasted data, lamb consumption in the US shows a steady upward trend from 2024 to 2028, with consumption in pounds increasing by 0.1 each year to reach 1.37 pounds in 2028. In 2023, the consumption was approximately 1.32 pounds. The year-on-year percentage increase is consistent at about 0.75% annually. The compound annual growth rate (CAGR) over the next five years is projected at roughly 0.75% per year.
Future trends to watch for:
- Potential shifts in consumer preferences towards more sustainable or plant-based alternatives influencing lamb consumption.
- Changes in import/export policies impacting the lamb supply chain and pricing.
- Cultural and demographic shifts driving changes in lamb consumption patterns.