The chicken meat slaughtering industry in Indonesia has shown significant growth from 2013 to 2023. The industry stood at 5.7892 billion heads in 2023. Year-on-year variations indicate fluctuating growth rates, with notable spikes in 2017 and steady increases in recent years. Over the past five years, the CAGR averages at 3.83%, demonstrating moderate but consistent growth.
Future trends suggest a continuing upward trajectory with a forecasted CAGR of 2.72% over the next five years, leading to a growth rate of 14.37% by 2028. This indicates a stable market expanding at a slower, but sustained pace.
Future trends to watch for include:- Technological advancements in poultry farming- Government regulations impacting production- Shifts in consumer demand and preferences toward alternative proteins
