The historical data for duck meat slaughtering in Brazil from 2013 to 2023 shows a decreasing trend. The sector saw fluctuations with periods of both minimal growth and substantial decline. For instance, the sharpest decline was observed in 2020 with a 6.04% reduction year-on-year. By 2023, the industry was at 5.24 million units, reflecting a continuing negative CAGR of -1.08% over the last five years.
From 2024 onwards, based on forecasted data, the downward trend persists with a projected 5-year CAGR of -0.89%, ending at 4.95 million units in 2028. This indicates a consistent, albeit slow, decline in duck meat production.
Future trends to watch for:
- Potential impacts of environmental and animal welfare regulations.
- Changes in consumer preferences towards alternative proteins.
- Market responses to technological advancements in poultry farming.
- International trade agreements affecting the duck meat market.
