South Korea's chicken meat production experienced significant growth from 2013 to 2023, increasing from 639.0 Thousand Metric Tons to 937.15 Thousand Metric Tons, with fluctuations in year-on-year changes. Recent trends show a stabilization of growth with the year-on-year variation in 2023 standing at 2.28%. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 2.62%, indicating a moderate yet steady increase in production levels.
Future trends indicate a continued but more gradual growth in chicken meat production in South Korea. The production is forecasted to reach 1046.2 Thousand Metric Tons by 2028. The forecasted five-year CAGR is 1.73%, showing a deceleration in growth but still depicting a positive trend. Key factors to watch for include changes in consumer preferences, the impact of technological advancements in poultry farming, and potential shifts in regulatory policies.
