In 2023, the mutton and goat meat market size volume in the US stood at 186.0 thousand metric tons, showing a year-on-year increase of 1.64%. Over the past ten years, the market demonstrated variations with notable year-on-year changes, such as a 7.79% increase in 2017 and a slight decline of 0.88% in 2022. The last five years depict a compound annual growth rate (CAGR) of 0.88%, indicating a moderately growing market. Forecasts predict a CAGR of 0.89% over the next five years, with the market expected to reach 196.83 thousand metric tons by 2028, representing a 4.52% growth from 2023.
Future trends to watch for:
• Changing consumer preferences towards alternative proteins and sustainable meat sources.
• Impact of regulatory changes and trade policies on import and export dynamics.
• Technological advancements in meat production and processing efficiency.
• Potential effects of climate change on livestock farming and supply chain stability.
