INTERNATIONAL

Global meat consumption will grow by 47.9 million tons by 2034

The joint OECD and FAO report forecasts global meat consumption will grow by 47.9 million tons between 2025 and 2034, with an annual per capita increase of 0.9 kg in edible retail weight. Poultry meat will lead this expansion, driven by its low cost, favorable nutritional profile, and smaller environmental footprint. By 2034, it will account for 45% of the meat protein consumed worldwide.

Posted on Jul 22 ,00:15

Global meat consumption will grow by 47.9 million tons by 2034

Asia and Latin America will boost production

Global meat production will reach 406 million tons in 2034, 13% more than in the base period.  Asia will account for 55% of the growth, led by China, India, and Vietnam. Latin America will strengthen its position thanks to its advantages in land, feed, and genetics. Poultry meat will be the main driver of the increase, with a growth of 28.5 million tons.

Demands for sustainability and animal welfare are growing

In high-income countries, concerns about animal welfare, health, and the environment are slowing per capita consumption of meat, especially beef and pork.  This trend has consolidated the preference for poultry, perceived as more sustainable and healthier.

In Canada and the EU, total per capita consumption is projected to stagnate or even decline.

Productivity improves, but emissions continue to rise

Improvements in reproductive efficiency, slaughter weight, and yield will allow production to increase without increasing emissions. Even so,  greenhouse gas emissions associated with meat production are expected to grow by 6%, compared to a 13% increase in total production.

Beef will continue to be the largest source of carbon emissions, although advances in genetics, nutrition, and livestock management will moderate its impact.

China reduces its weight as an importer

China's share of global meat imports is expected  to fall from 20% to 16% by 2034 , transforming trade flows.

This reduced dependence has reduced pork production in the main exporting countries. Even so, global exports are expected to grow again after two years of decline and reach 40.2 million tons in 2024, with Brazil and Australia breaking records.

Price divergence between ruminants and non-ruminants

Nominal beef and lamb prices will rise in the short term  due to the slow recovery of inventories. On the other hand,  pork and poultry prices will fall  due to increased supply and weaker Chinese demand.

In the medium term, real prices for all meats will tend to decline, driven by productivity improvements and lower feed costs.

Biosecurity and climate change, key risks for the sector

The report warns about the impact of outbreaks such as African swine fever, avian influenza, and foot-and-mouth disease, which continue to affect production and trade. It also warns that climate policies, carbon taxes, and restrictions on antibiotic use could increase operating costs and affect the competitiveness of the global meat sector.

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