The forecast for pork non-food uses in the US shows a steady year-on-year increase from 2024 through 2028. Starting from 2024, the volume is anticipated to increase consistently by approximately 1.94% each year. In 2023, the actual consumption for non-food uses stood at approximately 0.99 million metric tons. This indicates a continued rise in demand for pork in non-food applications over this five-year horizon, with a consistent Compound Annual Growth Rate (CAGR) of 1.94%.
Future trends to watch for include:
- Technological advancements in pork-derived products, potentially leading to increased demand.
- Regulatory changes impacting production and exports.
- Shifts in consumer sentiment towards sustainability and alternative products.
- Global economic conditions affecting export markets.