Veal consumption in Canada is forecasted to decrease slightly from 34.61 thousand metric tons in 2024 to 33.94 thousand metric tons by 2028. This represents a steady annual decline, with year-on-year variations indicating a minimal reduction over this period. Comparatively, veal consumption was stable in 2023, standing at approximately 34.77 thousand metric tons. The compound annual growth rate (CAGR) reveals a modest downward trend over the five-year outlook.
Future trends to watch for:
- Shifts in consumer dietary preferences towards plant-based diets.
- Potential influence of regulations around animal welfare.
- Economic factors affecting meat prices and consumption patterns.
- Technological advances in alternative protein sources.
