The forecast for pigmeat production in Canada shows a stable, gradual increase from 2.8 million metric tons in 2024 to 2.88 million metric tons by 2028. In 2023, the production stood at 2.78 million metric tons. The year-on-year growth, with a consistent 0.02 million metric tons increment, indicates a steady increase of approximately 0.71% per year. The compound annual growth rate (CAGR) from 2024 to 2028 is around 0.71%, reflecting a modest but steady expansion in production capacity.
Future trends to watch for:
- Impact of climate change on feed supply and costs.
- Evolving trade policies affecting exports.
- Technological advancements in pig farming efficiency.
- Consumer preferences shifting towards sustainable and organic meat production.
