From 2013 to 2023, Mexico's chicken meat production has demonstrated consistent growth, reaching 3.7455 million metric tons in 2023, an increase of about 1.96% from the previous year. The compound annual growth rate (CAGR) over the past five years stands at 2.33%. Notably, there was a dip in 2020 due to pandemic-related disruptions, but the industry rebounded strongly in 2021 with a 7.5% increase. Overall, the longer-term trend has shown steady growth in production volumes.
Future trends to observe:
- Projected steady annual growth with a forecasted CAGR of 1.51% over the next five years.
- Poultry industry adjustments to changing consumer preferences and health trends.
- Potential impacts of environmental and regulatory changes on production practices.