Forecast: Poultry Consumption in the US

The US poultry consumption has demonstrated a steady upward trend from 2013 to 2023, increasing from 111.81 to 131.48 pounds. It exhibited year-on-year variations, notably a peak growth of 5.72% in 2015 and a minor decline of 1.06% in 2022. The compound annual growth rate (CAGR) over the past five years averaged at 1.11%, suggesting moderate yet consistent growth. Forecasted data from 2024 to 2028 projects continued growth, with a forecasted five-year CAGR of 0.64% and an overall growth rate of 3.23%, indicating prolonged stability and mild acceleration in consumption.

Future trends to watch for include:

- Impact of health trends and dietary shifts towards plant-based proteins.

- Influence of economic factors on consumer purchasing power and dietary habits.

- Advancement in poultry farming technologies and their impact on production costs and availability.