Developing countries will be a key driver for increases in poultry production and consumption growth through 2026.
In a report from WATT PoultryTrends, which cited information from the latest Organization for Economic Cooperation and Development (OECD) and Food and Agriculture Organization of the United Nations (FAO) Agricultural Outlook, poultry meat production is expected to rise about 16 percent by 2026 when compared to the base period of 2014-16. That same report points to only a 13 percent increase for overall meat production during that time frame.
Central to driving that production increase will be developing countries, as they both gain population and the median income of families in those countries also increases. As wealth increases, family diets are expected to shift from meals that are more grain-based to ones that are more protein-based.
Developing countries with growing GDPs
Among the developing countries expected to see growth in its gross domestic product (GDP) through 2026 are:
- India
- Philippines
- Vietnam
- Indonesia
- Pakistan
- Malaysia
- Argentina
- South Africa
- Russian Federation
- Brazil
Of those developing countries, India will see the largest growth at a rate of 8.05 percent, followed by the Philippines at 6.98 percent, Vietnam at 6.20 percent and Indonesia at 5.95 percent.
The Russian Federation and Brazil are the two identified countries with growing GDP rates that will see the slowest growth, according to the data, with growth rates of 1.47 and 1.95 percent, respectively.
China, which is projected to see a GDP growth rate of 5.91 percent, had the largest GDP growth rate during the base period 2014 to 2016, at 8.46 percent. India also saw a sizable GDP growth rate during the 2014-16 base period, at 7.18 percent.
Some GDP growth is expected in already developed countries, according to the report, but that growth will be at a slower rate than that of the world’s developing countries.
