The Canadian poultry meat market has shown a steady growth pattern over the past decade, starting from 1.32 million metric tons in 2014 and reaching 1.55 million metric tons in 2023. The market has experienced fluctuations in growth rates, with notable increases in 2015 and 2018 by 3.33% and 4.89% respectively. Over the last two years, the market's value remained stable with a slight increase of 0.85% from 2022 to 2023. The five-year CAGR shows an average annual growth of 0.61% over this period.
Future trends to watch for:
- Increasing consumer demand for poultry meat driven by health trends.
- Impact of economic factors on production and pricing.
- Technological advancements in poultry farming.
- Regulatory changes impacting meat production and distribution.
