A study of economic and demographic processes in the UN macro-regions shows that the maximum growth in demand for animal protein in the next ten years will be observed in emerging markets in Asia, Africa and the Middle East. It is assumed that by 2028 the global meat production will exceed the average level of 2016-2018 by 13%, and these regions of the globe will provide 74% of the growth.
According to the OECD and the FAO, 56% of total global meat imports by 2028 will be shipped to Asian countries, with maximum growth in animal protein imports and consumption expected in the Philippines, Japan, Malaysia, and Vietnam. Already, domestic demand in these markets is far ahead of production opportunities. Over the same period, the growth in world exports will reach 18%: Latin American countries - Brazil and Argentina will lead here. They will be in a winning position amid depreciation of currencies and growth in overall meat production.
In addition, OECD and FAO forecasts point out the main factors that will affect the meat market in the coming years: the epidemic of African swine fever in Asia and Eastern Europe, as well as the spread of antibiotic-resistant bacterial strains and related health problems.
Source: piginfo.ru.
