Analyzing Vietnam's horse meat production from 2024 to 2028, the forecasts indicate a gradual decline, with values decreasing from 1.21 thousand metric tons in 2024 to 1.09 thousand metric tons in 2028. Compared to 2023, this represents a notable reduction. The year-on-year variations are as follows: from 2024 to 2025, a decrease of 2.48%; from 2025 to 2026, a decrease of 2.54%; from 2026 to 2027, a decrease of 2.61%; and from 2027 to 2028, a decrease of 2.68%. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately -2.58%.
Future trends to watch for include potential regulatory changes in the meat industry, shifts in consumer preferences, and advancements in alternative protein sources, which could further impact horse meat production levels in Vietnam.
