In 2023, indigenous duck meat gross production in Vietnam stood at a significant figure, setting the stage for forecasted growth. Moving into the forecasted years, 2024 is projected to witness production reaching 488.56 million USD PPP, with continual growth observed through 2028 where production is expected to hit 573.98 million USD PPP.
Year-on-year analysis shows a consistent upward trend:
- 2024-2025: 4.44%
- 2025-2026: 4.20%
- 2026-2027: 3.99%
- 2027-2028: 3.80%
The compound annual growth rate (CAGR) over the 2024-2028 period is approximately 4.11%, indicating a robust and steady growth trajectory.
Future trends to watch for include potential impacts of climate change on poultry farming, changing consumer preferences towards healthier meat options, and possible government policies affecting agricultural production. Advances in farming technology and resource management could further boost production efficiency and output in the coming years.
