The poultry meat market in Mexico reached 4.51 million metric tons in 2023, reflecting a modest year-on-year growth of 0.92%. The five-year CAGR leading up to 2023 was 0.75%, indicating a steady but slow increase in market size.
Historically, the market experienced periods of growth and decline. From 2015 to 2019, the market grew at varying rates, with a notable dip in 2020 (-16.16%) due to unforeseen global disruptions. However, a significant recovery occurred in 2021 with a 21.63% increase, followed by stable growth in subsequent years.
Looking forward, the market is forecasted to grow at a 0.72% CAGR over the next five years, reaching 4.73 million metric tons by 2028, cumulatively increasing by 3.68% from 2023 levels.
Future trends to watch for:
- Impacts of global supply chain disruptions on poultry meat availability and pricing
- Consumer shifts towards plant-based proteins affecting poultry demand
- Government policies related to agriculture and food safety
- Technological advancements in poultry farming and processing
