As of the end of 2023, chicken consumption in Canada stood at 1.40 million metric tons. The forecast data suggests a steady increase in chicken consumption over the next five years, with values expected to rise from 1.42 million metric tons in 2024 to 1.50 million metric tons by 2028. This represents an approximate year-on-year growth rate of 1.41% and a compound annual growth rate (CAGR) of 1.37% over the period from 2024 to 2028.
Future trends to watch for:
- Potential shifts in dietary preferences and increased focus on plant-based alternatives.
- Impact of economic variables on consumer purchasing power and consumption patterns.
- Regulatory changes affecting poultry farming and production practices.