The poultry meat slaughtering industry in Middle Africa has seen noticeable year-on-year growth, despite some fluctuations. From 2013 to 2023, the sector experienced an overall upward trend. Noteworthy developments include a significant increase in 2019, where the value grew by 7.3%, and a slight decline in 2020 by 4.09% due to potential disruptions. By 2023, the industry reached 220.96 million units, indicating a steady annual growth rate.
Year-on-year growth from 2022 to 2023 is 2.09%, highlighting consistent expansion. The compound annual growth rate (CAGR) over the last five years from 2018 to 2023 stands at 2.94%, suggesting steady industry health and resilience.
Forecast data for 2024 onwards anticipates continued growth, with projections showing a CAGR of 1.6% over the next five years and an expected growth rate of 8.26% by 2028.
Future trends to watch for include advancements in poultry farming technology, impacts of climate change, shifts in consumer dietary preferences, and policy changes affecting agricultural production. These factors will shape the market dynamics and could drive further efficiency and sustainability in the industry.
