US poultry producers, keen to find new markets, have an eye on the growth in Africa’s urban population and its discretionary spending.
Industry economists and consultants are saying that Africa might soon become an important destination for U.S. poultry products. Africa’s growth accelerated after 2000, making it the world’s third-fastest growing region behind emerging Asia and the Middle East. Growing disposable incomes on the continent, as people begin to move upward on the economic ladder, make this region of the world a prime market for inexpensive poultry protein. By 2020 more than half of African households will have discretionary spending power.Read more