Forecast: Chicken and Turkey Feed Sales in the US

Based on the analysis of the data, chicken and turkey feed sales in the US have shown significant volatility over the past decade, with values expressed in Billion US Dollars. In 2023, the feed sales stood at $12.609 billion. The year-on-year variation has fluctuated between positive and negative figures, reflecting underlying market dynamics and possibly external factors affecting feed demand and supply. Over the last two years (2022 and 2023), the increases were 1.08% and 1.05% respectively. Looking at the CAGR over the previous five years, it stood at 1.12% annually.

Future projections suggest a steady growth trajectory, with an expected increase from $12.737 billion in 2024 to $13.225 billion by 2028. The forecasted 5-year CAGR is 0.75%, indicating a modest yet consistent rise in feed sales. Key trends to monitor include advancements in feed technology, impacts of economic conditions on poultry farming, and changes in consumer preferences towards poultry products.