The consumption of poultry meat at the farm gate in South Korea has displayed varied trends between 2013 and 2023. In 2023, the volume stood at approximately 803.0 thousand metric tons. Notable year-on-year fluctuations were seen with a peak growth of 11.55% in 2014 and a decline of 6.67% in 2017. Over the last two years, the growth rates were 1.75% and 1.80%, respectively. The average annual growth rate (CAGR) over the last five years was 1.79%, indicating a steady, albeit moderate, increase.
Forecasts for 2024 to 2028 predict a continued upward trend in poultry meat consumption, with a forecasted 5-year CAGR of 1.28% and an overall growth rate of 6.54%. These projections suggest a stable demand trajectory. Future trends to watch for include changing consumer preferences, potential market disruptions, and policy impacts on the poultry industry, all of which could influence long-term consumption patterns.
