• Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick
Investments Aims
EconomyEditor's Pick

PHL seen among countries driving global meat consumption growth

by July 16, 2025
by July 16, 2025

THE PHILIPPINES joins a select group of growing economies that will drive expanding meat consumption over the next decade or so, the Food and Agriculture Organization (FAO) and the Organisation for Economic Cooperation and Development (OECD) said.

In their agricultural outlook for 2025-2034, the FAO and the OECD said global poultry, sheep meat, beef, and pork consumption are projected to grow 21%, 16%, 13%, and 5%, respectively, by 2034.

“Due to rapid consumption and income growth, 45% of global growth will be located in upper middle-income countries,” it said, noting that meat consumption growth, aside from China and India because of their substantial populations, is expected to be greatest in the Philippines, Brazil, Indonesia, the US, and Vietnam.

Global meat production was estimated to have risen by 1.3% to 365 million metric tons (MMT) in 2024, driven by poultry, “with beef output increases,” it said. Pig and sheep meat production remained stable.

Significant growth in meat production occurred in Australia, Brazil, the European Union, and the US.

Brazil, the Philippines’ largest source of meat imports, recorded the “most significant expansion” across all major meat categories, “driven by strong global demand, supported by higher net returns due to a favorable exchange rate and lower feed costs as well as continued disease-free status.”

Global meat exports recovered in 2024, rising 2% to 40.2 MMT after two years of decline, due in large part to expanded imports by the Philippines, the United Arab Emirates, and Mexico.

The report also said the Philippines, Brazil, Egypt, Mexico, and the US, will account for a significant segment of global poultry consumption, which is expected to hit 173 MMT on a ready-to-cook basis by 2034.

By that year, poultry meat is expected to account for 45% of the protein consumed from all meat sources, it said.

The increase in poultry consumption in the last decade was driven by China, India, Indonesia, Pakistan and Vietnam.

“The global increase in protein from poultry meat consumption as a share of total protein from meat has been the main feature of the growth in meat consumption for decades, and this trend is expected to continue,” the report found.

It cited poultry’s low cost and favorable nutritional profile, specifically a high protein-to-fat ratio compared to other meats.

“Environmental considerations also contribute to the shift towards poultry meat, as the production of red meat is more resource-intensive and leads to higher greenhouse gas emissions,” it added. “Poultry is, therefore, more appealing to sustainability-conscious consumers.”

The FAO said in most high-income countries, which accounted for 35% of global meat consumption but only 17% of the world’s population in 2024, growth in per capita meat consumption will continue to slow, with consumers shifting preferences — “often reducing meats like beef and pork in favor of poultry.”

“Higher-income consumers are increasingly attentive to the animal welfare, environmental, and health attributes of food, which in some places is leading to stagnating or even declining per capita meat consumption,” it added.

Philippine meat imports in the first quarter rose to 344.59 million kilograms (kg), from 273.64 million a year earlier.

Pork accounted for 53.2% or 70.45 million kg of all meat entering the country in the first quarter, against 128.5 million a year earlier.

It was followed by chicken at 111.36 million kg or 32.3% of first-quarter meat imports.

Beef imports in the first quarter rose 24.2% to 43.9 million kg or 12.7% of all meat imports. — Kyle Aristophere T. Atienza

0 comment
0
FacebookTwitterPinterestEmail

previous post
Flavored salt touted as opportunity for coastal producers to add value 
next post
SteelAsia Quezon mill endorsed for expedited-permit treatment

You may also like

Building permit approvals inch up in May

July 18, 2025

Maharlika taps Ausenco for Makilala feasibility update

July 17, 2025

CMEPA tax rules not applicable to SSS, GSIS,...

July 17, 2025

Taiheiyo Batangas cement facility seen operational by Q2...

July 17, 2025

Safeguard duty on imports of HDPE pellets, granules...

July 17, 2025

PCIC rolls out parametric insurance scheme

July 17, 2025

PhilHealth allocated P53-B subsidy in 2026 draft budget

July 17, 2025

Travel safety group urged to be more responsible...

July 17, 2025

Indonesia-US trade deal poses competition challenges for PHL

July 16, 2025

PhilHealth rules out contribution rate hike after loss...

July 16, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • Adam Schiff Mercilessly Trolled for Being Guest on Stephen Colbert’s Failing Show the Night it Was Canceled

    July 19, 2025
  • Cockpit Recording Suggests Captain of Air India Flight 171 CUT THE FUEL TO THE ENGINES of Boeing 787 Just Before the Crash That Killed 260 Passengers and Crew

    July 19, 2025
  • Smoking Gun: Biden White House Colluded with Merrick Garland on Memo Labeling Parents ‘Domestic Terrorists’

    July 19, 2025
  • Antiglobalism Didn’t Start with Trump: The U.S. Has Always Defended Its Sovereignty

    July 19, 2025
  • Alex Jones: The Deep State Declared War on the American People

    July 19, 2025
  • Terms & Conditions
  • Privacy Policy
  • Contact us
  • About us

Copyright © 2024 Investments Aims. All Rights Reserved.

Investments Aims
  • Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick