The meat production in Vietnam has shown consistent growth from 2013 to 2022, reaching 5.4435 million metric tons in 2023. Despite the slight decline in 2019 and 2020, the trend rebounded with positive year-on-year variations in recent years. Over the last five years leading up to 2023, the Compound Annual Growth Rate (CAGR) has been 0.84%. Forecasts from 2024 suggest a continued upward trend, with a projected CAGR of 1.39%, leading to a total production of 5.9469 million metric tons by 2028, marking a 7.17% growth over this period.
Future trends to watch for:
- Technological advancements in meat production and processing.
- Shifts in consumer preferences toward more sustainable and ethical meat sources.
- Government policies and trade agreements impacting meat production and export.
- Potential impacts of global market dynamics and climate change on production capabilities.