Vietnam's poultry meat production at the farm gate has shown variability over the past decade. From 2013 to 2023, production value increased from $1.53 billion to $2.35 billion. The most notable growth occurred in 2019 with a 44.76% increase, aside from a few dips in 2015 and 2020. As of 2023, production stood at $2.35 billion. The average annual growth rate (CAGR) over the last five years reached 8.44%.
Looking ahead, the production value is projected to climb steadily, reaching $2.75 billion by 2028. The forecasted CAGR from 2024 to 2028 is 2.45%, indicating a more moderated but consistent growth trajectory.
Future trends to watch for include:
- Technological advancements in poultry farming to increase efficiency and output.
- Changes in consumer preferences toward organic and sustainably produced poultry.
- Impact of trade policies and international demand on Vietnam's poultry exports.