The North American duck meat slaughtering sector demonstrated moderate growth from 2013 until 2023. Production varied, peaking at 32.24 million units in 2018 and dropping to 30.88 million units in 2020 due to various market fluctuations. By 2023, the industry stood at 33.28 million heads, reflecting a slight year-on-year increase of 0.76% and a 5-year CAGR of 0.64%, indicating gradual recovery.
Looking forward, forecasts predict continued stable growth. The 5-year CAGR from 2024 to 2028 is expected to be 0.61%, culminating in a 3.07% overall increase by 2028, marking steady expansion.
- Between 2013 and 2023, initial growth phases were followed by market corrections and recovery periods.- Year-on-Year variations illustrate a cyclical trend with mild fluctuations.- From 2020 to 2023, the sector experienced recovery post-decline.
Future trends to watch for include sustainability initiatives, advancements in production efficiency, and shifts in consumer preferences that may impact market dynamics. Monitoring these factors will be crucial for stakeholders to anticipate market shifts and capitalize on emerging opportunities.
