According to the food outlook report from the Food and Agriculture Organization (FAO), the world meat production in 2016 has been estimated to be 320.7 mn tons. It is expected that poultry meat, as compared to other meats, will witness a higher growth whereas the production of pig meat will decline. Poultry meat production is anticipated to be high in the EU, Brazil, the U.S., Russia, and India while it is estimated to be low in Australia, South Africa, and China. The reduction in the poultry meat production in China will likely occur due to reduced access to replacement broiler breeding stock owing to trade restrictions following the outbreaks of highly pathogenic avian influenza (HPAI) in 2015.
HPAI disease is almost global, with apparently only South America not dealing with any active or resolved outbreaks. Countries such as China, South Korea, and Russia have banned all U.S. poultry imports. Other countries have maintained bans of imports from certain U.S. states. While U.S. outbreaks are now resolved and the government agencies have been effective in handling the disease during its most recent appearance in the state of Indiana, the disease has hampered the U.S. exports and the market.
After the outbreak of avian influenza in 2015, industry experts say that the meat and poultry market is rebalancing and the future outlook would be positive for the industry. Meat and poultry will gain from its price advantage over other protein forms. This price advantage will ensure a high demand for chicken as consumers of beef and pork look for cheaper meat options.
A growth in the population across the globe is one of the reasons fueling the demand for poultry and meat trade. The rising domestic consumption and prevailing low international prices are key factors stimulating import demand for meat and poultry in a number of markets such as South Africa, Saudi Arabia, Japan, Cuba, the United Arab Emirates, and Viet Nam.
The global meat and poultry industry has been witnessing much change over the years. These changes are imperative and bring along with them a bevy of risks and opportunities alike. The comprehensive reports and publications by QYResearchReports.com thus, aims to provide readers with answers to pressing questions regarding the changing market dynamics. These reports assist players in the market to make most of the opportunities in the industry and also recommend strategies to help mitigate risks.
Fish and seafood, food enzyme, meat and poultry safety testing, poultry feed, meat snacks, halal industry, pork, salmon fish consumption, whole frozen chicken industry, packaged red meat, fish and shellfish are some of the significant markets that come under the meat and poultry category. The reports on these markets discuss the forecasts and trends determined from key market drivers which are helping shape the future of the meat and poultry industry.
These comprehensive reports and publications by QYResearchReports.com also provide information about the most lucrative markets and promising segments within the niche markets. These reports also discuss the state of these markets in major geographic regions. Regions witnessing both high and sluggish growth are stated, along with the reasons behind their market status. This information will aid new entrants as well as those established in the market in making profitable and strategic decisions regarding investments in the industry.