This is a stark contrast to the expected robust baseline growth the industry was experiencing pre-pandemic. The global organic food market was valued at USD 110.25 billion in 2016 and is projected to reach USD 262.85 billion, expanding at a CAGR of 16.15% during 2017-2022. Introduction. The market value of the meat industry is expected to rise from 838 billion U.S. dollars in 2020 to over one trillion dollars by 2025. Although meat means an important source of nutrients, it is also evident that a great consumption of this source of proteins has also a negative environmental impact. In 2021, the world's production of poultry was projected to amount to approximately 135 million metric tons, up from about 115 million metric tons in . The growth pace was the most rapid in 2011 with an increase of X% y-o-y. global meat consumption and is expected to grow, fuelled by Asia. Farming and food account for about a third of global greenhouse gas production at present. This will generate more greenhouse-gas emissions; global emissions from food production are expected to r ise 60% by 2050, in large part because of increased livestock production.. Most of this increase in production will come through industrialized animal production systems. by 5m Editor. World Agricultural Production. in 2020 and projected to reach USD 867.2 by 2027 with increasing CAGR 4.2% during the forecast period. Oct. 2021 increase in global temperature vs. 1900s average. The Global Processed meat market was accounted at USD 519.4 Bn. Strong Chinese demand growth and land constraints on meat production in Indonesia increased global import demand for meat. The global processed poultry and meat market was valued at $747.5bn in 2020 and is estimated to reach $1065.7bn by 2025, growing at a CAGR of 7.35% during the forecast period. The global processed meat market size was USD 519.41 billion in 2019 and is projected to reach USD 862.97 billion by 2027, exhibiting a CAGR of 6.24% during the forecast period (2020-2027). The global yield peaked in 2020 and is likely to see steady growth in years to come. Sources include reporting from FAS's worldwide offices, official statistics of foreign governments, and analysis of economic data and satellite imagery. The industry has evolved greatly over the past twenty years thanks to technological advances, keeping pace with growing demand for convenience foods. According to the FAO, global poultry meat production is estimated to reach 137 million tonnes in 2020, with growth anticipated in China, the EU, Britain, Brazil and Mexico. Meat production is projected to double by 2020 due to increased, per capita global consumption of meat and population growth. Meat consumption has been increasing since the 1960s, but especially from the 1980s decade to today. The world's food systems produced about 16bn tonnes a year of CO2 from 2012 to 2017. "In 2013, Prof. Mark Post served up a cultivated meat hamburger in front of a studio audience in London, the event paid for by Google founder Sergey Brin. This amounts to almost half the growth rate in 2019. Organic agricultural production has been adopted by around 2.4 million producers in 179 countries worldwide. Increasing demand for long-lasting food products coupled with concerns about quality and safety in pharmaceutical and cosmetic products have contributed to the demand for preservatives 9B. University of Copenhagen. Growing consumer interest in plant-based diets, coupled with the rising consciousness for animal rights through various welfare organizations, is expected to boost the market growth GFI is pleased to offer its third annual state of the industry report as a snapshot of the global cultivated meat industry in 2020. The 2019 food and beverage industry saw consumer awareness drive trends towards health and wellness, plant-based and clean label products. World food retail sales generate over $4 trillion per year. Livestock production does not on … Food Service Market Worth USD 2,386.0 Billion by 2028 | Global Food Service Industry Share, Manufactures, and Development Report by Fortune Business Insights All meat statistics. According to the company's latest COVID-19 adjusted forecasts, the global meat market will value US$1.3 trillion by the end of 2020, reflecting a year-on-year (YoY) decline of 5.3%*. Global food industry trends for 2020 and beyond The pandemic has improved eating and drinking habits across the world. FOODWEB 2020 v Food sustains and nourishes us, and it also increasingly connects us to a global food web that is intertwined with politics, economics, environmental concerns, culture, and science. Overall, the bulk of meat production growth is attributed to developing regions, which will account for 80% of the additional output ( Figure 6.3 ). Introduction. Downward revisions to 2020-21 global food supplies. The Food and Agriculture Organization of the United Nations estimates that meat production—a decent proxy for consumption—dropped in 2019, and it forecasts a decline again this . While the average annual global consumption in 1990 was 33.5 kilograms per capita, it already amounted to 42.9 kilograms in 2018. The global preservatives market size was valued at USD 5.43 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2028. author. Protein production is a complex sector worth over 1.6 trillion in revenue. Early assessments for the current crop year suggested that supplies (beginning stocks plus production) of the three grains and soybeans, which together provide nearly two-thirds of the world's calorific requirements, would be 3% higher than in 2019-20. Introduction. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. 29 May 2011, at 12:00am. The Duck Meat Market will grow by $ 1.31 bn during 2020-2024 Global Duck Meat Market to Grow by $ 1.31 Billion During 2020-2024 | Featuring AJC International Inc., AMI LLC sp.k, and BRF SA Among . Meat demand is associated with higher incomes and a shift - due to urbanisation - to food consumption changes that favour increased proteins from animal sources in diets. The global poultry meat exports are forecast 4 percent higher in 2020 to a record 12.5 million tons, according to USDA. Most recent tables from Livestock, Dairy, and Poultry Outlook. Food supply quantity 2018, selected countries. Consequences of animal welfare regulations, food safety, house environment and a number of issues relating to nutrition and feeding were identified as future challenges to the . The global meat substitutes sector is worth $20.7 billion, and is set to grow to $23.2 billion by 2024, market research company Euromonitor told CNBC. Renewable power investment worldwide in Q2 2020. The livestock sector is one of the most significant contributors to urgent environmental problems. Some countries like India and Vietnam have seen a big swing towards healthier diets . The low growth is mainly due to . As the global economy mends, the 2021 growth of Meat Product will have significant change from previous year. Food is an essential contribution from nature to people, ultimately underpinned by biodiversity (1, 2).Yet, food systems are responsible for around 60% of global terrestrial biodiversity loss and the overexploitation of 33% of commercial fish populations (3, 4).At the same time, one-third of all food goes to waste between the points of production and consumption, while around 11% of the world . For additional historical data, dating back to the 1970s, visit the ERS Red Meat Yearbook. In the United States, for example, meat prices have proven volatile due to pandemic-related disruptions. The increasing prosperity in many emerging and developing countries is changing nutrition patterns. In 2020, the global average yield of turkey meat amounted to X kg per X heads, leveling off at 2019. in general, the yield saw a relatively flat trend pattern. Global meat consumption to jump 1.4% yearly through 2023. Global Spread of COVID-19 Virus Hindered Market Growth. According to our (LP Information) latest study, the global Meat Product market size is USD million in 2022 from USD million in 2021, with a change of % between 2021 and 2022. The livestock sector is one of the most significant contributors to urgent environmental problems. The Paris Agreement's global warming targets are being put at risk by global emissions from food production, according to research. -6. While global agribusiness giants such as Monsanto, Cargill, Bayer and DuPont are best known for their control over the global seeds, cereals and agrochemicals market, symbolizing the corporate takeover of the food system, an extremely powerful segment of agribusiness remains hidden from public scrutiny: The companies that control the production, processing and trad Nonetheless, HORECA, eating out, lodging, education institutes, and the entertainment industry was halted for the majority of the period in 2020 owing to the COVID-19 pandemic. Global production of poultry meat has increased rapidly over the last 50 years, growing more than 12-fold between 1961-2014. As for the pork production in 2020, according the latest forecast from USDA, the global pork production is estimated down 10% this year due to the impact of African Swine Fever (ASF) on swine herds in several major producing countries. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.3% during 2021-2026. While the global meat industry provides food and a livelihood for . Retrieved January 14, 2022 from www.sciencedaily.com . The coronavirus pandemic has finally changed that trajectory. 1. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. negative economic outlook for 2020 means a global recession is forthcoming, and the impacts of this shock In Australia and the United States, meat consumption increased over the 20 years to 2018 because of higher poultry consumption. Market Overview: The global food logistics market reached a value of US$ 101.1 Billion in 2020. In Europe, food consumption is responsible for approximately 30% of total greenhouse gas (GHG) emissions. By Rosie Frost • Updated: 06/11/2020. This global food web is undergoing rapid change, presenting considerable challenges and significant opportunities. In order to meet the . North America, Europe, and Asia Pacific are among the biggest markets of the foodservice industry in the world. Based on Products, the Global Meat Market is segmented into Poultry, Pork, Goat & Lamb and Seafood. Broiler, turkey, and egg feed costs. Global production of meat 2016-2021, by type. Livestock Prices. Total worldwide meat production in 2020 will fall by 1.7 percent from 2019 totals, while international meat prices have dropped 8.6 percent from January 2020, resulting in economic losses to producers. Global trends in poultry production are shown in the chart. FAO forecasts that global meat production will drop by 1.7 percent this year due to drought, animal disease, and COVID-induced supply chain disruptions, which could mean higher prices. DUBLIN, Jan. 18, 2022 /PRNewswire/ -- The "Gluten-Free Bakery Products Market - Global Industry Analysis (2018 - 2020) - Growth Trends and Market Forecast (2021 - 2026)" report has been . Global Meat industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). The current global population is 7.3 billion and is estimated to reach 10 billion by 2050 ().Consequently, such an increase might result in a protein demand twice as much as the current protein production (Godfray et al., 2019).Since conventional meat production systems such as animal agriculture are no longer sustainable, scientists have been searching for alternative protein . • Goatmeat exports decreased in 2020, down by 33% year-on-year to total 14,147 tonnes shipped weight (swt). These 2 countries are now major importers of meat. The global meat, poultry and seafood market is expected to grow from $1389.58 billion in 2020 to $1442.42 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. Expansion is largely due to increased China demand which will propel Chinese imports up by 20 percent in 2020. (2020, May 20). World total meat production is forecast to fall by 1.7 percent in 2020, due to animal diseases, COVID-19-related market disruptions, and the lingering effects of droughts. The report provides in-depth analysis by source, category, distribution channel and region. (link is external) Monthly report on crop acreage, yield and production in major countries worldwide. Abstract. The UN Food and Agriculture Organization (FAO) provide global statistics on crop and food production, supply chains, and food available for human consumption. one of many developments in 2020 for cultivated meat. Last month I discussed the impact of COVID-19 on availability and prices of food based on data and information we had available at the time. 38%. Most of the reduction in global production is due to a 25% decline in China pork production. Production Indicators and Estimated Returns. UPDATE: Full State of the Industry Reports now available! Meat Substitutes Market Outlook 2021-2026: The global market reached a value of US$ 5.1 Billion in 2020. New investments in processing capacity are expected to increase production in the EU and the UK, although the effects of Covid-19, as well as HPAI, are still to be determined. Global rabbit meat exports contracted to X tonnes in 2020, which is down by -X% on the previous year's figure. $69. Nevertheless, meat consumption worldwide is expected to increase 1.4% per year through 2023, according to data published in the new Packaged Facts report Global Meat & Poultry Trends. Like cattle production, the United States is the world's largest producer, producing more than 20 million tonnes in 2014. The market is fueled by the increasing consumption of various packaged food products and beverages. These trends will have major consequences on the global environment. The global meat substitutes market size was USD 4.98 billion in 2020. In 2013, the global average per capita energy availability from vegetal products was 2370 kilocalories per person per day, and 514kcal from animal products. Since then, USDA released its first assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2020/21, and more data on market prices, production, and trade flows during the crisis became available. General Meat Industry Stats and Facts These facts and stats will show you interesting information about the industry that produces and sells meat, both in the United States and worldwide. An improved outlook for U.S. production is generally offset by lowered expectation for growth in the EU which continues to be stymied by Highly Pathogenic Avian Influenza (HPAI) outbreaks. International meat trade is likely to register a moderate growth - but considerably slower growth than in 2019 - largely sustained by high imports from China. According to the Food and Agriculture Organization of the United Nations, global meat production will decline in 2020 for the second year in a row, and only the third year since 1961. (Biz New Orleans, 2021) Everyone needs a job. In general, exports saw a pronounced decline. However, trying . Although COVID-19 had a huge impact on most industries, it benefitted plant-based food products, especially these substitutes for meat. As we enter 2020, we are seeing amplified versions of . China, the US, Brazil, South Africa, and Mexico are thought to have the largest share of production growth in 2020. Meat production is projected to double by 2020 due to increased per capita global consumption of meat and population growth. March 2, 2020 Meat eaters are increasingly selecting plant-based protein options rather than meat for health, environmental, and flavor reasons. ET Main article: COVID-19 recession. ScienceDaily. 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