The poultry meat market in Thailand showed a fluctuating yet overall declining trend from 2014 to 2023. Starting at 953 thousand metric tons in 2014, the market dropped to 901 thousand metric tons by 2023. Significant year-on-year variations include a sharp decline of 8.92% in 2015, a notable increase of 6.58% in 2017, and a drop of 5.21% in 2020. The recent year-on-year value for 2023 shows a minor decline of 0.22%, while the CAGR over the past five years stands at -0.44%.
Future trends to watch for include:
- Continued market consolidation with a projected decline at a forecasted 5-year CAGR of -0.17%, indicating gradual contraction.
- Potential impacts of changing consumer preferences towards plant-based protein alternatives.
- Influence of economic factors and government policies on poultry meat production and consumption.