From 2014 to 2023, Brazil's poultry meat demand has shown overall growth, with noticeable fluctuations. In 2023, the demand stood at 10.17 million metric tons, reflecting a modest year-on-year increase of 0.59%. The Compound Annual Growth Rate (CAGR) over the past five years is 0.63%, indicating a steady albeit slow growth pace.
NOTABLE TRENDS:
- From 2014 to 2019, the demand grew steadily, barring minor dips, culminating in 9.92 million metric tons in 2019.- 2020 saw a significant decline of 16.46% due to disruptions, followed by a strong recovery in 2021 with a dramatic 21.24% jump.- The demand stabilized afterward, with slight year-on-year variations between 2022 and 2023.
FUTURE OUTLOOK:
- The forecast suggests continued but modest growth, reaching 10.48 million metric tons by 2028.- The projected 5-year CAGR of 0.48% suggests a stable demand environment.
FUTURE TRENDS TO WATCH:
- Monitor economic conditions and consumer spending power, as these significantly impact poultry demand.- Advancements in food technology or shifts in dietary preferences toward alternative proteins.- Impact of trade policies and international market access on poultry exports.
