The poultry meat production in Canada has experienced a generally consistent upward trend from 2013 to 2023, standing at a notable 1.5976 million metric tons in 2023. Notable growth occurred in years like 2021, with a substantial year-on-year increase of 9.12%, contrasting with occasional declines, as seen in 2020. The compound annual growth rate (CAGR) over the latest five years up to 2023 has been 1.56%. Future projections indicate continued growth, albeit at a modest pace, with a forecasted 5-year CAGR of 1.18%, suggesting a cumulative growth of 6.05% by 2028.
Future Trends to Watch for:
- Technological advancements in poultry farming.
- Changes in consumer preferences towards organic and free-range poultry products.
- Potential impacts of trade policies and tariffs on feed costs and production.
- Regulatory changes in animal welfare standards.
- Rising environmental concerns influencing sustainable practices in poultry production.
