In 2023, meat production in Canada was recorded at 5.04 million metric tons. Over the past decade, production has generally been on an upward trajectory, with notable growth years such as 2016 and 2017. Although there was a slight decline in 2020, the industry rebounded strongly in 2021. Given the variations, recent year-on-year comparisons show a steady increase with a slight decline in 2022, followed by a small increase in 2023. The compound annual growth rate (CAGR) over the last five years was 0.66%, and the forecast shows a CAGR of 0.62% over the next five years, indicating continued moderate growth. By 2028, production is expected to reach 5.25 million metric tons, representing a 3.15% increase from 2023.
Future trends to watch for:
- Advancements in sustainable meat production
- Impact of health trends and alternative proteins
- Effects of trade policies and international demand
