Poultry meat demand in Mexico experienced a general upward trend from 2014 to 2023, standing at 4.51 million metric tons in 2023. Between 2014 and 2019, the demand grew steadily, achieving a 3.69% year-on-year increase in 2017. However, the market saw a downturn in 2020 with a 16.16% decrease, largely due to global disruptions. The demand rebounded significantly in 2021 with a 21.63% increase and continued modest growth through 2023 at a 0.92% year-on-year rate. The long-term CAGR from 2014 to 2023 is 0.75%, indicating sustainable growth over the decade.
Future forecasts predict a steady growth trend with the demand reaching 4.73 million metric tons by 2028. A forecasted 5-year CAGR of 0.72% and an overall growth rate of 3.68% from 2024 to 2028 highlight gradual yet consistent market expansion.
Future trends to watch for:
- Impact of technological advancements in poultry farming and supply chain efficiency.
- Changing dietary preferences and health consciousness influencing poultry consumption.
- Global economic factors and their effect on domestic market dynamics.
- Government policy changes related to agriculture and food safety regulations.
