Chicken meat slaughtering in Australia has shown consistent growth from 2013 to 2023, where it stands at 699.7 million units. The year-on-year variations have fluctuated but remained positive in general: notable increases occurred in 2016 (5.53%) and 2021 (7.1%), while facing minor declines in 2018 (-2.58%) and 2020 (-3.15%). The compound annual growth rate (CAGR) over the last five years to 2023 was 1.93%, indicating a steady upward trend despite some annual volatility.
Future forecasts suggest continued growth in chicken meat slaughtering, expecting to reach 758.1 million units by 2028. The forecasted 5-year CAGR is lower at 1.26%, yet the overall forecasted growth rate is 6.48% by 2028.
Future trends to watch for include:
- Innovation in farming and slaughtering technologies.
- Changing consumer preferences towards alternative proteins.
- Regulatory influences and sustainability practices.
- Market dynamics influenced by local and international demand.
