The poultry meat slaughtering industry in South-eastern Asia has experienced a steady upward trend from 2013 to 2023, with the latest value recorded in 2023 at 11.64 billion units (heads). From 2013 to 2023, notable fluctuations were observed, including a sharp increase in 2017 (23.26% YoY) and a slight decline in 2020 (-1.49% YoY). The average yearly growth over the past five years (CAGR) has been commendable at 3.02%. Recent years (2022 and 2023) have shown modest growth rates of 3.2% and 3.04% respectively.
Forecasts indicate continued growth in the sector, with volumes expected to reach 13.432 billion units by 2028, reflecting a forecasted 5-year CAGR of 2.25% and cumulative growth of around 11.78% from 2023 to 2028.
Future trends to watch for include potential impacts of technological advancements in poultry farming, shifts in consumer dietary preferences towards plant-based alternatives, and regional economic conditions affecting meat consumption patterns. Environmental regulations and sustainability practices may also play critical roles in shaping the industry's trajectory.
