The North American chicken meat slaughtering industry has experienced varying growth rates from 2013 through 2023, valued at 10.348 billion units in 2023. Between 2013 and 2019, the industry saw consistent year-on-year growth, peaking at 8.14% in 2021 despite a dip of 4.77% in 2020. The compound annual growth rate (CAGR) over the last five years stands at a modest 0.85%. Post-2021, the trend shows a period of adjustments with minor fluctuations, indicating a moderately stable market.
Looking ahead from 2024, projected data suggests a steady growth trajectory with a CAGR of 0.54% over the next five years, reaching 10.725 billion units by 2028. The industry's overall growth rate for the forecast period is anticipated to be 2.73%. Future trends to watch for include potential impacts of technological advancements in poultry farming, changes in consumer demand, and regulatory shifts affecting production practices.
