Forecast: Poultry Meat Slaughtering in the US

Poultry meat slaughtering in the US displayed a general upward trend from 2013 to 2023, standing at 9.7872 billion heads in 2023. Notable variations include a dip in 2020 with a -4.84% year-on-year change, likely influenced by significant disruptions such as the COVID-19 pandemic. Subsequently, a remarkable recovery was seen in 2021 (8.04% increase). From 2022 to 2023, the market grew modestly by 0.59%. The five-year CAGR leading up to 2023 was 0.76%, indicating a stable growth trend despite periodic fluctuations.

Looking ahead, the forecasted data suggests a continued steady growth, with the volume expected to reach 10.099 billion heads by 2028, exhibiting a forecasted five-year CAGR of 0.47% and an overall growth rate of 2.38% over the forecast period.

Trends to watch over this period include technological advancements in poultry farming, shifts in consumer preferences towards protein sources, and potential regulatory changes impacting production practices.