Forecast: Poultry Meat Consumption at Farm Gate in Vietnam

The consumption of poultry meat at the farm gate in Vietnam has shown significant year-on-year increases from 2013 to 2023, with compound annual growth rates (CAGR) highlighting periods of substantial growth. By 2023, consumption stood at 1,800.0 thousand metric tons, reflecting a striking upward trend over the past decade. Notably, the last two years have demonstrated a consistent growth pattern, with the rate of growth exhibiting a slight deceleration. Over the past five years, the CAGR averaged at 12.92%, indicating robust market expansion.

Going forward, the forecasted data suggests that the growth will continue but at a moderated pace, with a projected five-year CAGR of 5.65% leading to a total increase of 31.62% from 2024 to 2028. This points to a sustained, albeit slower, rise in poultry meat consumption in the near term.

Future trends to watch for include:

• The impact of economic conditions and household income changes on meat consumption patterns.
• Potential shifts in consumer preferences towards alternative protein sources.
• Regulatory developments and their influence on farming practices and meat supply.
• Technological advancements in poultry farming that could improve productivity and output.