The poultry meat market in Argentina has shown a steady increase over the last decade, reaching 2.08 million metric tons in volume by 2023. Notably, the market displayed fluctuations, including a significant drop in 2020 followed by a substantial recovery in 2021. Year-on-year growth rates varied, with a peak of 21.8% in 2021 and a low of -16.08% in 2020. The compound annual growth rate (CAGR) over the past five years averaged 1.14%. Projections indicate a more stable growth trend, with a forecasted 5-year CAGR of 0.81%, resulting in an anticipated market size of 2.19 million metric tons by 2028.
Future trends to watch for:
- Economic stability and its impact on consumer purchasing power.
- Possible advancements in poultry farming technologies.
- Regulatory changes affecting meat production and imports.
- Shifts in consumer preferences towards alternative protein sources.
