Veal consumption in the US is projected to decrease steadily from 2024 to 2028. With 0.13 pounds per capita in 2024 and a drop to 0.047 pounds in 2028, the forecast highlights a significant downward trend. This reflects a continuous decline since the actual consumption in 2023. The year-on-year decrease is consistent, with notable drops between each consecutive year, underscoring a negative growth outlook. The CAGR signifies a constant annual reduction over the five-year period.
Future trends to watch:
- Increasing consumer preferences for plant-based alternatives impacting veal demand.
- Potential changes in dietary habits and regulations affecting meat consumption.
- Significance of sustainability concerns influencing meat selections.