In 2023, US chicken meat production stood at 21.15 million metric tons. Looking at the forecasted data from 2024 to 2028, we see a consistent growth trajectory. Specifically, production is expected to increase from 21.43 million metric tons in 2024 to 22.53 million metric tons by 2028. This represents a steady year-on-year growth:
- 2024: 1.32% increase
- 2025: 1.31% increase
- 2026: 1.24% increase
- 2027: 1.28% increase
- 2028: 1.21% increase
The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 1.27%, indicating steady growth in chicken meat production.
Future trends to watch include potential influences from technological advancements in poultry farming, changes in consumer dietary preferences, regulatory changes, and global trade policies. These factors could either bolster or hinder projected growth, and it's essential to monitor these developments moving forward.
