From 2013 to 2023, poultry meat consumption at the farm gate in Australia exhibited a steady upward trend, reaching 1.25 million metric tons in 2023. The year-on-year changes fluctuated, presenting the highest growth in 2016 at 7.67%, contrasting with a decline in 2017 and 2018. The CAGR highlights a notable deceleration to 1.1% by 2023. Future consumption forecasts from 2024 onwards suggest a continuation of this gradual increase, anticipating a CAGR of 1.23% over the next five years, equating to a growth rate of 6.31% by 2028.
Future trends to watch for include:
- Rising consumer demand for organic and free-range poultry options.
- Technological advancements in poultry farming and production.
- Potential impacts of global trade policies and tariffs on feed costs.
- Influence of dietary trends towards plant-based alternatives.
- Environmental and sustainability concerns affecting production practices.
