Feed Strategy - May 2018 - 6
6 ❙ FeedStrategy
demand, efficiency gains
fuel pig production
A growing number of middleclass consumers demand more
meat in key markets worldwide.
rowing demand for pig meat and increasingly
efficient swine production systems will allow
for growth in worldwide pig - and pig feed
- production in the coming years.
The 2018 Swine Outlook report from The Food and
Agriculture Organization (FAO) of the United Nations
looks at the demand for pork in growth markets, its
impact on feed production and explore the future of the
world's No. 1 protein.
Pork industry drivers
The FAO says that, in developing countries -
where most of the world's population increases take
place - meat consumption has increased 5 to 6 percent per year over the past few decades.
"When an economy is growing and incomes are
growing, people tend to eat more meat," says Steve
Meyer, an economist with Kerns and Associates.
"Generally, if you find the parts of the world where
you see increases in the standard of living, you're going to see more meat consumption - and pork is going
to be along for the ride."
According to the FAO, world pig meat consumption
in 2015 was 15.3 kg per capita; it is expected to fall
slightly by 2030 to 15.1 kg per capita.
In the United States, for example, pork consumption has increased by 8.17 percent since 2010, reports
Patrick Fleming, director of market intelligence for the
National Pork Board, a U.S. Department of Agriculture
(USDA) marketing group.
"We're going to produce more [pork], we're going
to have more opportunity to sell more and, right now,
customers are willing to buy more," Fleming says, noting demand of the growing global middle class. "Pork
has a key role to play in the consumer mind and therefore, we have this relevance across the day, which is
unique to pork in a lot of ways - breakfast, lunch and
dinner all have pork components."
As pork consumption grows, so does pig feed production.
www.WATTAgNet.com ❙ May 2018