The US poultry processing industry has shown a steady increase in turnover from $62.081 billion in 2013 to $70.079 billion in 2023. The sector has had a year-on-year variation mostly positive, fluctuating around 1% to 3%. Notably, from 2021 to 2023, growth rates stabilized around 1.5%. Actual figures from 2023 confirm this steady upward trajectory. Over the past five years, the CAGR was 1.57%. Forecasts predict the industry's turnover will continue to grow, reaching $74.837 billion by 2028 with a CAGR of 1.04%, indicating moderated but sustainable growth.
Future trends to watch for:
- Technological advancements in processing efficiency
- Shifts in consumer preferences towards organic and ethically sourced poultry
- Potential regulatory changes affecting industry operations
- Impact of global trade policies and international demand
