The meat market volume in Argentina in 2023 stood at 5.37 million metric tons. Over the past decade, the market has experienced several fluctuations, with noticeable annual variations such as a 21.75% increase in 2021 and a significant 16.08% decline in 2020. Comparing 2022 and 2023, the meat market volume increased modestly by 1%. When analyzing the five-year compound annual growth rate (CAGR), there was a consistent positive growth of approximately 0.76% per year.
Looking ahead, the forecast from 2024 to 2028 indicates a stable growth trend, with a projected 0.79% CAGR and a cumulative growth rate of 4.03%. By 2028, the market is expected to reach 5.65 million metric tons.
Future trends to watch for include the impact of economic policies, consumer preferences shifting towards alternative proteins, and potential disruptions in supply chains. These factors could significantly influence the growth trajectory of the meat market in Argentina.
