The world’s population is growing very fast, and the size of the earth’s surface and arable land is unchanged or declining. Together with these facts, the care of an increasingly urbanized population needs to be addressed. Global meat consumption is expected to increase from 290 million tonnes to 470 million tonnes by 2050.
Nowadays, meat consumption is growing at the cheapest meat, poultry and fish.
The U.S. Department of Agriculture (USDA) estimates that global chicken meat production was around 86.9 million tons in 2014, an 18 percent increase from five years earlier. This volume is already approaching 90 million tonnes in 2016, which is still an increase of over 1% compared to 2015 production. Global exports of chicken meat have grown by 25 percent in the past five years, nearly 80 percent of which went to the Middle East and sub-Saharan Africa.
Chicken meat production in the European Union was around 9.9 million tonnes in 2014 and 2015 due to lower feed costs and increased demand. Exports will not change significantly, they could still be 1.1 million tons.
According to the first data, the value of output of the agricultural sector (including services and secondary activities) at current basic prices was 4% higher than in 2012. The performance of domestic agriculture has thus been continuously improving since 2011. The 12% increase in volume triggered a 7% drop in prices. In crop production, the producer price level decreased by 12%, while in animal production it increased by 3%. (Source: Agricultural Economics Research Institute)