The US poultry meat market volume in 2023 stood at 19.27 million metric tons. Reviewing year-on-year variations, the market showed steady growth from 2014 to 2018, with a high 7.64% increase in 2015 but a recent slight decline in 2022 by -1.12%. Despite this, 2023 marked a return to positive growth at 0.84%. Over the past five years, the compound annual growth rate (CAGR) averaged 0.79%. Future projections anticipate modest growth, with a forecasted CAGR of 0.6% from 2023 to 2028, suggesting a market volume of 20.04 million metric tons by 2028.
Future trends to monitor include:
- Impacts of dietary shifts towards plant-based proteins.
- Technological advancements in poultry farming.
- Potential regulatory changes affecting production processes.
- Consumer preferences for organic and free-range poultry products.
