The mutton and goat meat market in South Africa experienced fluctuations from 2014 to 2023, with significant variability particularly in 2020 when the volume dropped sharply by 17%. However, by 2021, the market rebounded with a 20.48% increase, stabilizing at 184 thousand metric tons in 2023. Over the last five years, the compound annual growth rate (CAGR) was a modest 0.06%, indicating limited but stable growth. Looking to the future, the forecast indicates a steady yet slow growth rate, with the market expected to reach 184.65 thousand metric tons by 2028, emphasizing minimal growth per year.
Future trends to watch for include:
- Influence of climatic conditions on livestock farming and meat production.
- Consumer preference shifts towards plant-based diets and alternative proteins.
- Economic factors such as inflation and disposable incomes affecting meat consumption patterns.
- Policy changes and industry regulations impacting meat production and trade.
