Global Meat Industry
Nov 19, 2020
The highest growth of meat consumption is expected from the Asia-Pacific and Latin American regions, because of changing diet patterns, urbanization, population, and economic growth. For example, China consumes around 28% of the world’s meat, including half of its pork, and an average Chinese person consumes around 63 kg of meat a year.
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The Outlook for the meat market remains strong. Feed grain prices are set to remain low for the projection period, giving stability to a sector that had been operating in an environment of particularly high and volatile feed costs over most of the past decade. This is particularly relevant for regions such as the Americas, Australia and Europe, where feed grains are being used more intensively in the production of meat.
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