The poultry meat production in Vietnam has shown a consistent upward trajectory from 2014 to 2023, with the value standing at 1.01 million metric tons as of 2023. Between 2014 and 2023, the production has significantly increased, reflecting a Compound Annual Growth Rate (CAGR) of 1.34%. Year-on-year growth highlights include a notable increase of 8.89% in 2015 and a peak growth in 2018 at 6.17%. However, the market faced a minor setback in 2019 and 2020 with a decrease of -0.11% and -3.29%, respectively, before rebounding in 2021 with a 7.12% rise and continuing moderate growth afterward.
Going forward, from 2024 to 2028, the forecasted 5-year CAGR of 1.24% anticipates steady growth in poultry meat production, projecting it reach 1.09 million metric tons by 2028, with a forecast 5-year growth rate of 6.37%. Trends to watch for include potential market disruptions, shifts in consumer preferences, and the impact of economic and policy changes on poultry production capacities and practices.
