Poultry to see biggest gains in meat market
Outlook shows slowing of overall growth
Poultry will gain most from a major expansion of world meat markets in the next 10 years, according to Agricultural Outlook 2010-2019 report, the sixth annual review of commodity market projections prepared jointly by the Organisation for Economic Cooperation & Development (OECD) and the food/agriculture organisation of the United Nations (FAO).
Across all meats generally, the report predicts higher feed costs together with strained supplies of some natural resources will mean a slight slowing of the annual rate of market growth, to an average of 1.8%-1.9% from 2.1% in the past decade. But it projects increases in world production/consumption averaging 2.4% per year for poultry meat in 2010-2019, compared with 1.7% for pork and 1.5% for beef.
The extra poultry demand is expected to occur mainly in developing economies, where an average annual rise of 2.7% will compare with only 1.6% in the mature developed markets. The report forecasts that world poultry consumption per person per year will increase by nearly 2 kg by 2019, from 13.5 kg to 15.3 kg, adding 26 million metric tons to the amount required annually.
It says 91.22 million metric tons of poultry meat per year were produced in 2007-2009 and that this looks likely to rise to about 117.85 million metric tons.