The poultry meat market in Brazil has shown steady growth over the past decade, reaching a volume of 10.17 million metric tons in 2023. After a severe drop in 2020, the market quickly rebounded, achieving a compound annual growth rate (CAGR) of 0.63% over the last five years. The year-on-year growth rate for 2023 stood at 0.59%. Notably, from 2014 to 2023, the market has generally seen fluctuations ranging from moderate increases to slight declines, with a significant dip in 2020.
Looking ahead, the poultry meat market is forecasted to maintain a stable growth trajectory, with an expected 5-year CAGR of 0.48% from 2024 to 2028, resulting in a projected market size of 10.48 million metric tons by 2028. This represents a 2.44% overall growth rate over this period.
- As of 2023, the market volume is 10.17 million metric tons.
- Year-on-year growth for 2023 is 0.59%.
- Historical CAGR (2018-2023) is 0.63%.
- Forecasted 5-year CAGR (2024-2028) is 0.48%.
Future trends to watch for include potential impacts of global economic conditions, changes in consumer preferences towards alternative proteins, and advancements in poultry farming technologies. Monitoring these factors will be crucial for assessing long-term market prospects.
