Global meat production to grow by 13% in the next 10 years
In the next 10 years, global meat production is expected to grow by 13%, according to the latest outlook released by the Organisation for Economic Co-operation and Development (OECD) and the UN's Food and Agriculture Organization (FAO). Much of the additional food demand will originate in regions with high population growth, such as Sub-Saharan Africa, Asia, the Middle East and North Africa. Global meat production in 2028 is expected to be 13% above the (2016-2018 average, with 74% of this growth to occur in developing nations. By that time, Global meat production in 2028 is expected to be 13% above the base figure (2016-2018 average), with 74% of this growth to occur in developing nations.
Asia is expected to account for 56% of global meat imports by 2028, with the Philippines, Japan, Malaysia and Vietnam expected to record the highest levels of consumption and import growth, as demand outpaces domestic production capacity.
Global meat exports are predicted to be 18% higher in 2028 compared to the period between 2016-2018. aster growth rates are expected from developing countries, particularly Brazil and Argentina, who will benefit from devalued currencies and decent growth in overall meat production.
The OECD outlook noted that a number of factors will have a significant influence on the global trade of meat over the coming decade. African Swine Fever, microbial resistance and climatic events will impact the supply of food, while evolving diets, health and sustainability issues and trading complications all have the potential to shift the picture in global trade.
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