In 2023, chicken consumption per capita in Canada stood at 35.72 kilograms. The forecast data suggests a steady increase from 2024 to 2028, with a year-on-year growth rate of approximately 1% to 1.2%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be around 0.9% annually.
Future trends to watch for include:
- Potential shifts in dietary preferences towards plant-based options impacting chicken consumption growth.
- Regulatory changes surrounding the poultry industry that might influence production costs.
- Consumer interest in sustainable and ethically produced meat options could reshape the market dynamics.
- Economic factors and inflation affecting disposable income and subsequently influencing meat consumption patterns.
