Global meat consumption to grow by 1.4% by 2023
As the meat products are gradually replaced by plant-based protein in the consumer habits in developed countries, meat consumption around the world is expected to see a growth rate of 1.4% per year until 2023, says he new Packaged Facts report Global Meat & Poultry Trends. Mature markets such as the US or Western European countries are expected to have a weaker rate of growth than the average but increased demand for meat and poultry is expected in Africa and the Middle East.
"In many parts of the world, meat is among the least affordable food options. It is generally pricier than locally available grains, beans, vegetables, and fruit. However, as average incomes rise, more people to eat meat, first as an occasional treat and then finally as something they consume multiple times a week, if not daily," says David Sprinkle, research director for Packaged Facts.
Meat and poultry consumption in the US is expected to increase less than 1.0% per year through 2023. However, poultry remains and will remain by far the most consumed type of meat due to its low cost, while beef consumption is expected to stagnate, as US consumers are increasingly selecting other protein sources due to the adverse health effects associated with high levels of red meat consumption. Poultry is also the animal protein that will have a high rate of growth in consumption in the Middle East and Africa.
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