The Canadian poultry meat slaughtering industry has shown a steady increase from 2013 to 2023, except for a dip in 2020 due to potential market disruptions. From 2013-2023, it saw a year-on-year growth rate generally hovering between 0.66% and 4.13%, with a significant dip of -3.92% in 2020 and a notable recovery of 8.87% in 2021. In 2023, the industry stood at 838.15 million units, showing a modest year-on-year growth rate of 1.31%. The CAGR over the past five years (2018-2023) is approximately 1.41%, reflecting stable but moderate growth.

Future trends to watch for:

The forecasted 5-year CAGR (2023-2028) is estimated at 1.03%, indicating a continued but slower growth rate compared to the previous 5 years.
By 2028, the industry is expected to reach 895.77 million units, a total growth rate of 5.23% from 2023.
Monitoring advancements in sustainable and ethical farming methods could play a crucial role in shaping the sector's future dynamics.