The poultry meat market in Indonesia has shown steady growth from 2014 to 2023, with minor fluctuations. In 2023, the market size volume stood at 2.19 million metric tons. Notably, there were significant fluctuations, such as a sharp decline in 2020 by -16.25% due to external disruptions, followed by a robust recovery in 2021 with a 21.5% increase. Despite these variations, the market maintained an overall positive trend, averaging a 0.65% Compound Annual Growth Rate (CAGR) over the last five years.
Looking ahead, forecasted data suggests a continued, albeit modest, growth rate of 0.65% CAGR up to 2028, achieving a total growth rate of 3.32% over this five-year period.
Future trends to watch for:
- Potential impacts of economic fluctuations and government policies on poultry production and consumption.
- Technological advancements in poultry farming that may drive efficiency and productivity.
- Shifts in consumer preferences towards health-conscious and sustainable eating habits influencing market demand.
