By analyzing the forecasted data for poultry meat production in Vietnam from 2024 to 2028, it is evident that production is expected to increase steadily year-on-year. In 2023, production stood at 1.34 million metric tons. The forecast shows an increase of 6.72% in 2024, 6.29% in 2025, 5.92% in 2026, 5.59% in 2027, and 5.29% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be 5.96%.
Future trends to watch for in the poultry meat sector in Vietnam include:
- Advances in technology and farming practices that could boost productivity and efficiency. - Changing consumer preferences, particularly with rising health consciousness that could increase demand for poultry meat. - Government policies and regulations impacting the agricultural sector, including sustainability and biosecurity measures. - Regional integration and export opportunities driven by trade agreements and improvements in logistics.
