Forecast: Poultry Meat Demand in the US

Analyzing past data, the demand for poultry meat in the US has shown a steady increase from 16.4 million metric tons in 2014 to 19.41 million metric tons in 2023, achieving a year-on-year growth of 0.84%. Over the last two years, the demand remained relatively stable with slight variations. Historically, the CAGR for the past five years stands at 0.81%. The recent forecast from 2024 predicts a continued upward trend, reaching 20.2 million metric tons by 2028 with a forecasted CAGR of 0.61% and an overall growth rate of 3.07%.

Future trends to watch for:

• Changes in consumer preferences and potential shifts towards alternative protein sources.
• Impact of economic conditions and potential trade policies on production and consumption.
• Technological advancements in poultry farming improving efficiency and production capacity.