Poultry to dominate consumption by 2030
Poultry is to represent the clear choice of consumers over the next 10 years, according to a recent forecast released by OECD and FAO. Global meat production is projected to continue growing over the coming decade, but at a slightly slower rate than over the past 10 years. Compared to the 2018-2020 average, meat production is set to increase by 13% by 2030.
The overall increase is led by poultry production, which is set to rise by 17% by 2030, compared to the base period. Poultry benefits from favourable meat-to-feed price ratios and the short production cycle enables rapid genetic improvement. According to OECD-FAO, this will help boost its popularity relative to ruminant meat production in particular. From a consumer perspective, poultry is also perceived as a healthier option and has a lower price point. Most countries are expected to increase poultry production over the coming decade, though the UK is an exception where production remains relatively stable. Asia shows some of the strongest growth, facilitated by the current ASF-driven pork shortage, which benefits the popularity of poultry in the medium-term.
Pig meat production is forecast to grow by 13% over the outlook period. African Swine Fever is expected to keep production below previous peak levels until 2023, after which a return to steady growth is expected. Specifically, the outlook anticipates that China will return to pre-ASF pork production in 2023. Unlike most regions, pig meat production in the EU and UK is not expected to follow a growth trend, influenced by environmental and public concerns.
Beef is expected to show a much smaller degree of production growth in the coming decade, increasing by just 6%. This reflects weakening demand, as consumers increasingly prefer poultry meat. Within the EU and the UK production is expected to fall, as productivity improvements reduce the size of the dairy herd, while suckler beef faces challenges with profitability.
Sheep meat production is relatively small on a global scale, but a stronger increase of 16% is forecast by 2030. This is mostly due to growth from Asia, particularly China, Pakistan and India. In the EU and UK production is expected to remain stable. "Increases in global meat consumption in the coming decade is largely driven by income and population growth from developing countries. International meat trade will therefore increase in response to growing demand from Asia and the Near East, where demand growth outpaces any increase in production," declared Bethan Wilkins, Senior Analyst, AHDB.
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