World Demands More Protein

The growing consumption of meat, eggs, dairy and grains is driving the agricultural industry which benefits from dietary changes at the global level.

Thursday, June 12, 2014

The phrase "The protein business is a very good place to be right now," made in an article in The Wall Street Journal by a US pork producer reflects the boom being experienced by the agricultural industry around the world, thanks to changing trends in food consumption of animal protein products which are beginning to be used in place of carbohydrates in consumer's diets.

"...The trend has paved the way for the rise of new giants of the meat industry ... such as the planned acquisition of Hillshire Brands Co. by Tyson Foods Inc. in a transaction worth $7.7 billion. In turn, farmers worldwide are expanding meat production as well as corn, soybeans and other crops used to feed livestock."

"...Global meat consumption will grow by 1.9% a year over the next decade, according to projections from the U.S. Department of Agriculture, as rising incomes in places such as China, Mexico and Central America allows consumers buy more pork, beef and chicken. "



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The OECD-FAO Agricultural Outlook 2014-2023 report forecasts a fall in agricultural prices, while ground is gained in livestock production and biofuels.

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