In Asia, poultry meat slaughtering increased from 28.615 billion units in 2013 to 40.125 billion units in 2023, reflecting various year-on-year growth rates, such as a notable 6.76% in 2017 and fluctuations around 2.3% in the recent years of 2022 and 2023. The Compound Annual Growth Rate (CAGR) has shown a general decline from 3.74% in the early years to 2.41% by 2023.
The forecast predicts a moderate growth continuing, reaching 44.409 billion units by 2028, with a CAGR of 1.6% and an overall growth rate of 8.27% over the next five years.
Future trends to watch for:
- Technological advancements in poultry farming and slaughtering efficiency.
- Impact of consumer preferences shifting towards sustainability and animal welfare.
- Economic factors influencing the demand and supply chain in the poultry industry.