June 30, 2011

 

China to drive world meat consumption growth
 

 

Despite the global economic downturn, the outlook for the meat sector remains strong, with the global meat demand expected to grow close to 40% by 2025, primarily driven by changing diet patterns in Asia - particularly China.

 

In 2009, China produced a total of 76.5 million tonnes of meat, an increase of 5% over 2008, accounting for 29% of the world's total production - making China the largest meat producer in the world. Despite being the world's largest meat producer, China imported 1.38 million tonnes of meat in 2009 to fill a gap in supply.

 

Presently, pork is the most popular meat in China. Zhongpin Inc is a meat and food processing company that specialises in pork and pork products, vegetables and fruits in China. The company recently posted a 40% on-year surge in first quarter revenues.

 

US-based Tyson Foods says its Chinese operations are "focusing on the less competitive poultry market - a market which also has more room for growth."

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