By 2023, poultry meat consumption at farm gate in Vietnam has reached €2.64 billion. The consumption has shown a positive trend over the years, with significant year-on-year increases especially notable in 2019 with a 52.82% jump. Between 2022 and 2023, the consumption grew by around 4.35%, indicating steady growth. The compound annual growth rate (CAGR) over the past 5 years stands at 8.71%, reflecting a healthy upward trajectory.
Forecasts predict continued growth, with poultry meat consumption projected to reach €3.09 billion by 2027. The forecasted CAGR from 2023 to 2027 is approximately 3.19%.
Future trends to watch for include shifts in consumer preferences toward higher-quality poultry products, potential impacts of trade policies, and advancements in poultry farming technology which could influence production efficiency and consumption rates.
