The US poultry meat production has shown consistent growth from 20.03 million metric tons in 2013 to 24.53 million metric tons in 2023. The year-on-year growth has been largely stable, averaging between 1.07% and 3.48% across the years. Over the last two years, the growth was relatively steady, marked by rates of 2.01% in 2022 and 1.95% in 2023. The compound annual growth rate (CAGR) for the last five years leading up to 2023 stands at 2.17%, reflecting a sustained upward trajectory.
Looking forward, the poultry meat production is anticipated to increase further, reaching 26.8 million metric tons by 2028. The forecast indicates a CAGR of 1.41% for the next five years. This represents a predicted growth rate of 7.25% over the forecast period.
Future trends to watch for in the poultry meat sector include:
- Technological advancements in poultry farming and processing.
- Changes in consumer preferences, particularly towards organic and free-range poultry options.
- Impact of global trade policies and tariffs on the poultry industry.
- Potential effects of environmental and animal welfare regulations.
- Influences of alternative protein sources on market demand.
