In 2023, Canada's domestic chicken meat consumption stood at 1.5 million metric tons. The forecast for 2024 anticipates an increase to 1.53 million metric tons, representing a year-on-year growth of 2%. Projections indicate continued annual increments, with consumption reaching 1.66 million metric tons by 2028, experiencing an average annual growth rate of approximately 2.04% over the five-year period.
Future trends to watch:
- Potential influence of health trends steering consumers towards leaner protein sources.
- Impact of sustainability and ethical farming on consumption patterns.
- Economic factors affecting consumer purchasing power and demand shifts.
- Technological advancements in poultry farming enhancing production efficiency.