Yes, but be careful what you mean by "we". The truth is that most meat is consumed in certain parts of the world, particularly Western, industrialised countries. The USA, Australia and Argentina consume the most meat:

https://www.mekkographics.com/meat-consumption-by-country-an...

The United States, China and Brazil produce the most beef:

https://ourworldindata.org/meat-production

In my reading, there is a great inequality in distribution of both consumption and production and if both could be equalized downwards, that would mean a significant reduction overall.