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12

2022

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07

World Beef Consumption to Shift to Poultry Meat Over the Next Decade

Source:

According to a recent report on agricultural prospects for the next decade by FAO and OECD, worldwide beef consumption, including in Brazil and Argentina, is expected to decline, with a gradual shift in preference to poultry meat.

According to a recent report on agricultural prospects for the next decade by FAO and OECD, worldwide beef consumption, including in Brazil and Argentina, is expected to decline, with a gradual shift in preference to poultry meat.

 

At the same time, despite the current low per capita consumption base, the Asia-Pacific region, including China, is expected to be the only region to see growth in per capita beef consumption over the next decade.

 

It is estimated that global beef consumption will increase by 76 million tons by 2031. Even as global beef consumption continues to grow, per capita beef consumption has been declining since 2007 and is likely to decline by a further 2% over the next decade.

 

Over the past decade, per capita consumption in China, the world's second-largest beef consumer, has surged by 50% and is expected to increase by another 10% by 2031.

 

In sharp contrast to this, however, most countries with high per capita beef consumption are expected to see the protein consumption structure gradually shifts to poultry meat.

 

For example, the Americas and Oceania are the two regions with the highest preference for beef consumption in the world. Per capita beef consumption in Brazil and Canada is expected to decline by 2%, in the United States by 4%, and in Argentina by 5%, and even in Oceania by 15%. Moreover, the 1.8% annual reduction in per capita income in Latin America over the past decade may also lead to the decline in consumption.