Global demand for poultry, beef and pork is expected to increase over the next 10 years, according to the latest report from the Organization for Economic Co-operation and Development (OECD) and the Food and Agricultural Organization of the United Nations (FAO).
The recent climb in worldwide poultry consumption – fueled by lower prices compared with other proteins and lower fat content – is projected to increase globally to 154 million tons over the next decade the OECD/FAO report predicted. The increase represents nearly half of the additional meat expected to be consumed through 2031 and reflects the role poultry plays in the diets in such nations as China, India, Indonesia, Malaysia, Pakistan, Peru, the Philippines and Vietnam, the report added.
Meanwhile, the OECD/FAO report sees global pig meat consumption increasing to 129 million tons over the next 10 years with pork holding its position as the most eaten protein in the European Union. Most Latin America pork prices indicate that rising demand for pork and poultry among the middle class will help maintain those proteins as the favorites in those areas, the report noted. Per capita pork consumption in several Asian nations also are projected to increase through the next 10 years, according to the report.
The report also projects that global beef consumption will increase to 76 million tons through 2031, although per capita consumption is expected to fall by 2%. Asia and the Pacific and China are expected to be the exception with regard to per capita consumption. Consumption in China – the world’s second-largest per capita consumers of beef – is expected to rise by 10% over the next 10 years, the report noted.
The OECD/FAO report also predicts that the shift in meat consumption from foodservice to home cooking seen during the COVID-19 pandemic will revert back to pre-COVID patterns as restrictions are lifted. Consumption at home is expected to be driven by both global economic and population growth, especially in lower-income countries, the report added.
Par: Chris Scott (12/07/2022)