Written by Iain Hoey from Farm Business
Global meat production is projected to continue growing by 13% over the coming decade, according to the latest OECD-FAO Agricultural Outlook to 2030.
The overall increase is led by poultry production, which is set to rise by 17% by 2030, due to favourable meat-to-feed price ratios and the short production cycle.
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.
However, 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%, reflecting a weaker demand.
Whilst Sheep meat production is small on a global scale, a strong increase of 16% is forecast by 2030, mostly due to growth from Asia. EU and UK production is expected to remain stable.
AHDB senior analyst Bethan Wilkins commented: “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.”
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Global meat production is projected to continue growing by 13% over the coming decade, according to the latest OECD-FAO Agricultural Outlook to 2030.
The overall increase is led by poultry production, which is set to rise by 17% by 2030, due to favourable meat-to-feed price ratios and the short production cycle.
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.
However, 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%, reflecting a weaker demand.
Whilst Sheep meat production is small on a global scale, a strong increase of 16% is forecast by 2030, mostly due to growth from Asia. EU and UK production is expected to remain stable.
AHDB senior analyst Bethan Wilkins commented: “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.”
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Will be used in accordance with our Privacy Policy
Continue reading on the Farm Business Website...