Is the meat industry declining?

Is the meat industry declining?

In the U.S., sales of meat at grocery stores are down by more than 12% from a year ago. In Europe, overall beef demand is predicted to fall 1% this year. And in Argentina, home to one of the world’s most carnivorous populations, per-capita beef consumption has dropped almost 4% from 2020.

What is the future of meat consumption?

Nevertheless, the world is expected to eat more meat in 2021 than ever before. The United Nations Food and Agriculture Organization projects that global meat consumption will rise by more than 1% this year. The fastest growth will occur in low- and middle-income countries, where incomes are steadily climbing.

What is the outlook for the future of the world meat market?

The global Meat market was valued at USD 346280 million in 2019 and is expected to reach USD 438750 million by the end of 2026, growing at a CAGR of 3.4% during 2021-2026. This report focuses on Meat volume and value at the global level, regional level and company level.

Is beef consumption declining in the US?

As COVID-19 spread—and killed at least 20 workers from meatpacking plants in the Spring of 2020 before ultimately causing the deaths of a further 600,000 people in the U.S.—beef consumption seems to have fallen to 13.2 billion pounds nationally, down from 13.9 billion in 2019.

What is the most popular meat in America?

chicken
In 2020, the most consumed type of meat in the United States was broiler chicken, at about 96.4 pounds per capita. This figure is expected to increase to around 101.1 pounds per capita by 2030.

What is the most consumed meat in the world 2021?

Chicken meat is the most consumed animal protein by humans in 2021, according to statistics. Every year, the average American consumes 201 pounds of beef. Unsurprisingly, poultry is in high demand, with an estimated eight billion chickens consumed in the United States each year.

Will meat consumption decrease in the future?

Global meat consumption will drop by close to 3 percent in 2020, the United Nations predicted recently. That would be the second consecutive annual fall.

What is the most consumed meat in the world 2020?

Between 1990 and 2020, the volume of poultry consumed worldwide increased from 34.6 million metric tons to more than 130 million metric tons. By weight, poultry is now the most consumed meat type worldwide.