In 2023, Canada's broiler meat domestic consumption stood at 1.26 million metric tons. The forecast for 2024 predicts a consumption of 1.27 million metric tons, marking a year-on-year increase of 0.79%. The trend continues with incremental growth in subsequent years: 1.28 million metric tons in 2025, 1.29 million metric tons in 2026, 1.31 million metric tons in 2027, and 1.32 million metric tons in 2028. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is approximately 0.94%, indicating a steady yet modest rise in domestic consumption.
Future trends to watch for include:
- Consumer preferences for diversified protein sources which may impact growth rates.
- Regulatory changes and sustainability developments in the poultry industry.
- Impact of economic conditions on consumer purchasing power and meat consumption.