In 2023, Canada's beef and veal meat production was approximately 1.33 million metric tons (carcass weight equivalent). The projected figures from 2024 to 2028 indicate a steady and gradual increase in production, with an annual growth of around 0.74% year-on-year. Over the five-year period, the compound annual growth rate (CAGR) is expected to remain consistent at around 0.74%, signaling stable production growth.

Future Trends to Watch For:

Potential impacts of climate change on livestock farming practices.
Shifts in consumer preferences towards sustainable and ethically sourced meat products.
Technological advancements in farming techniques and their influence on yield efficiency.
Trade agreements and policies affecting beef and veal exports and domestic supply chains.