The forecast for poultry production in Canada shows an upward trajectory from CAD 4.5757 billion in 2024 to CAD 5.2775 billion in 2028. Assuming the value in 2023 was CAD 4.4 billion, there is a noticeable yearly increase. The year-on-year variations are as follows:
- 2024: 4.0% increase from 2023
- 2025: 3.9% increase from 2024
- 2026: 3.7% increase from 2025
- 2027: 3.5% increase from 2026
- 2028: 3.4% increase from 2027
The Compound Annual Growth Rate (CAGR) is approximately 3.7% over the five-year period from 2024 to 2028.
Future trends to watch for in the Canadian poultry industry include the impact of technological advancements in farming, consumer preferences shifting towards sustainable and organic poultry products, and potential trade agreements affecting import and export balances. Keeping an eye on these trends will be essential for stakeholders in the industry.
