The poultry meat slaughtering industry in Paraguay displayed significant growth from 2013 to 2023, increasing from 41.62 million units to 85.57 million units. Over the last five years, the industry recorded an average annual growth rate (CAGR) of 3.22%. Notably, year-on-year growth varied considerably, with peaks such as 40.51% in 2014 and dips like a -2.26% decline in 2020. In recent years, the growth has stabilized, with the latest year-on-year increase being 2.92% in 2023.
Future trends indicate a continued expansion, with forecasts projecting a 2.17% CAGR over the next five years, culminating in an 11.35% overall growth by 2028.
Future trends to watch for:
- Increased demand for poultry driven by rising population and income levels.
- Technological advancements in poultry farming and slaughtering processes.
- Potential impacts of environmental and health regulations on production practices.
- Market responses to changing consumer preferences towards sustainable and organic poultry meat.
