Forecast: Chicken Meat Slaughtering in Ghana

Chicken meat slaughtering in Ghana has shown a consistent upward trend from 2013 to 2023, increasing from 72 million units to 110.29 million units. The growth was marked by notable yearly increases, especially from 2013 to 2019. Despite a dip in 2020, the numbers quickly recovered and continued rising. As of 2023, the year-on-year growth was 3.24%, while the Compound Annual Growth Rate (CAGR) over the last five years was 4.25%.

The forecast for 2024 onwards anticipates continued growth, albeit at a slightly slower pace, with a forecasted five-year CAGR of 2.39%. By 2028, chicken meat slaughtering is expected to reach 128.36 million units, reflecting a cumulative growth of 12.51% over five years.

Future trends to watch for include:

• Impact of technological advancements and modernization in poultry farming.
• Changes in consumer preferences and dietary trends.
• Influence of government policies and trade agreements.
• Potential effects of environmental and health regulations.