The demand for poultry meat in Canada has shown a steady upward trend from 2014 to 2023, increasing from 1.32 million metric tons to 1.54 million metric tons in this period. The trends show year-on-year growth with a few minor fluctuations: a notable 4.68% increase in 2018, followed by a slight dip in 2019 and 2022. The CAGR over the last five years averaged 1.36%, slightly dipping in 2023 to 0.61%
Forecasts predict a continued but modest rise, projecting demand to reach 1.61 million metric tons by 2028. The five-year CAGR from 2023 to 2028 is anticipated to be 0.6%, marking a stable growth trajectory for poultry meat demand in Canada.
Future trends to watch for include potential shifts in consumer preferences towards plant-based proteins, impacts of economic factors on meat consumption, and policy changes affecting the poultry industry. Sustainability and health trends could also influence future demand. Monitoring these elements will be crucial for anticipating market changes.
