The supply of beef and veal in Canada is forecasted to demonstrate a gradual upward trend from 2024 to 2028, increasing from 1.66 to 1.69 million metric tons. This stability is indicative of a low year-on-year growth rate, averaging less than 0.6% per year during the forecast period. Prior to 2024, the supply data is unavailable, limiting comparison with past actual figures. Despite this limitation, the projected increase suggests a consistent demand and supply equilibrium in the Canadian beef and veal market.
Future trends to watch for:
- Impact of climate change on livestock and feed production.
- Changing consumer preferences towards plant-based alternatives.
- Regulatory shifts concerning animal welfare and export policies.
- Technological advancements in livestock farming and supply chain efficiencies.
