Poultry meat production in the US stood at 22.9 million metric tons in 2023. Over the last decade, production showed a generally upward trend, albeit with some fluctuations. From 2014 to 2023, the year-on-year growth rates were relatively modest but consistent, except for notable dips in 2019 and 2020. The Compound Annual Growth Rate (CAGR) for 2019-2023 was 0.54%.
Key Year-on-Year Variations:
- 2015: 3.03%
- 2016: 2.22%
- 2017: 2.01%
- 2018: 1.75%
- 2019: 0.12%
- 2020: -4.37%
- 2021: 8.07%
- 2022: -1.34%
- 2023: 0.62%
The forecast data suggest a continued gradual increase, with a forecast 5-year CAGR of 0.49% and an overall growth rate of 2.48% by 2028. The projections indicate modest but steady growth in poultry meat production.
Future trends to watch for include advancements in poultry farming technology, potential regulatory changes regarding meat production and consumption, and shifts in consumer preferences towards alternative protein sources, which could impact production volumes.
