The data indicates that between 2013 and 2023, the duck meat slaughtering industry in Canada has shown moderate growth. The value stood at 4.88 million units (heads) in 2023, reflecting a 1.2% increase from 2022. Over the past five years, the compound annual growth rate (CAGR) averaged around 1.24%. Notably, the sector experienced a significant drop of 3.56% in 2020, likely due to pandemic-related disruptions, but rebounded with an 8.76% increase in 2021. Despite the slight contractions in 2020 and 2022, the industry demonstrated overall resilience with consistent upward trends post-recovery.
Future trends to watch for:
Forecasts suggest a continuing upward trajectory, with a projected value of 5.19 million units by 2028, achieving a 5-year growth rate of 4.81%. Key trends to monitor include technological advancements in slaughtering practices, shifts in consumer demand towards sustainable and locally-sourced meat, and potential regulatory changes that might impact production efficiency and market dynamics.
