Between 2013 and 2023, the chicken meat slaughtering industry in Vietnam saw a steady growth, reaching 606.38 million units in 2023. The industry experienced significant year-on-year variations, with the most notable increase of 15.31% in 2019, followed by a decrease of 5.08% in 2020. However, the overall Compound Annual Growth Rate (CAGR) for the last five years was 4.88%, indicating a sustained upward trend.
For the future, forecast data project a continued increase, reaching 701.54 million units by 2028, with a slower average annual growth rate of 2.29% over the next five years. This implies a forecasted 12% total increase from 2024 to 2028.
Trends to watch for:
- Potential disruptions in the supply chain
- Changes in consumer demand for chicken meat
- Innovations in poultry farming and meat processing technology
- Impact of government regulations on the industry
