Forecast: Veal and Beef Production at Farm Gate in Canada

Based on the data provided, the veal and beef production at farm gate in Canada expressed in Billion Euros demonstrated fluctuations from 2013 to 2023. The value stood at 5.58 Billion Euros in 2023. Over the past decade, year-on-year variations occurred, with notable declines in 2016 and 2018, and significant growth observed in 2014 and 2019. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was approximately 3.07%, indicating a moderate average annual increase. Forecasted data from 2024 to 2028 suggest a slower growth trajectory with a five-year CAGR of 0.89% projecting further stabilization in production levels.

Future trends to watch for:

  • Implementation of sustainable farming practices and their impact on production costs and yields.
  • Influence of changing consumer preferences towards plant-based diets on veal and beef demand.
  • Potential trade agreements and regulations affecting Canada's meat export capabilities.

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