In 2023, chicken meat slaughtering in Thailand stood at approximately 1.34 billion units. Over the past decade, the market has seen significant fluctuations. Between 2013 and 2014, there was a substantial increase of nearly 9%, followed by a drop of over 7% in 2015. The subsequent years exhibited modest growth and minor declines. Between 2019 and 2020, there was a noticeable 3.6% decline, but the trend reversed in 2021 with a robust increase of almost 7%. By 2022 and 2023, the growth rates stabilized at around 1.4% per year. The compound annual growth rate (CAGR) for the past five years has averaged 1.49%, indicating steady, albeit slow, growth.
Future trends to watch for include:
- Continued moderate growth with a forecasted CAGR of 1.07% over the next five years.
- Increased focus on sustainable and ethical slaughtering practices, driven by both regulatory pressures and consumer demand.
- Potential impacts of technological advancements in breeding and slaughtering processes on unit efficiency.
- Shifts in consumer preferences towards alternative protein sources, which may affect market demand.
