Poultry meat slaughtering in Vietnam has seen significant growth from 439.1 million heads in 2013 to 690.32 million heads in 2023. The sector experienced a notable increase, particularly between 2018 and 2019, with a remarkable year-on-year growth of 14.42%. Despite a slight dip in 2020, the trend resumed with substantial recovery, reaching 651.67 million heads in 2021, and continuing to grow to 690.32 million heads in 2023 with a year-on-year variation of 2.85%.
Over the last five years, the compound annual growth rate (CAGR) averaged 4.52%. Future projections indicate continued upward movement, with forecasts suggesting that poultry meat slaughtering will reach 790.23 million heads by 2028, demonstrating a forecasted five-year CAGR of 2.13%.
Looking ahead, trends to watch include potential impacts of technological advancements in poultry farming, policy changes promoting sustainable practices, and shifts in consumer preferences towards poultry due to health or economic reasons. These factors will play crucial roles in shaping the market landscape.
