Vietnam's chicken meat consumption in 2023 stood at 1.45 million metric tons. The forecasted data from 2024 to 2028 indicate a steady increase: 1.52 million metric tons in 2024, 1.59 in 2025, 1.65 in 2026, 1.72 in 2027, and 1.79 in 2028, reflecting an overall upward trend.
Year-on-year variations exhibit:
- 2024 vs 2023: +4.83%
- 2025 vs 2024: +4.61%
- 2026 vs 2025: +3.77%
- 2027 vs 2026: +4.24%
- 2028 vs 2027: +4.07%
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 4.10%, indicating a continuous growth pattern.
Future trends to watch for include:
- Increasing urbanization and income levels driving higher demand for protein sources.
- Potential impacts of global market fluctuations on feed costs.
- Technological advancements in poultry farming and production leading to efficiency gains.