The forecasted broilers production in the US reveals a steady upward trend from 2024 to 2028, starting at 46.44 billion pounds to 49.01 billion pounds. In 2023, production stood at 45.8 billion pounds, indicating a progressive increase over the forecasted years. The year-on-year growth rates suggest slight but consistent increases, averaging a compound annual growth rate of approximately 1.33% over the five-year period.
Future trends to watch include:
- Potential impacts of feed costs on production efficiency and output levels.
- Regulatory changes impacting animal welfare and environmental sustainability that may influence production capabilities.
- Shifts in consumer preferences towards diverse protein sources and alternative meats.