In 2023, the poultry meat market in Australia stood at 1.26 million metric tons. Analyzing the year-on-year variations, the market has grown steadily since 2014, with fluctuations including a peak increase of 6.27% in 2016 and a notable drop of 2.73% in 2018. Over the past two years (2022-2023), a consistent growth rate of 0.56% was observed. The last five-year CAGR stands at 0.76%, indicating moderate growth.
From 2024 onward, forecasted data predicts a gradual increase in market size, reaching 1.29 million metric tons by 2028, with a 5-year forecasted CAGR of 0.42% and an overall growth rate of 2.13%. Future trends to watch for include possible shifts in consumer preferences towards alternative proteins, potential impacts from economic conditions, and changes in export-import regulations that could influence market dynamics.
