FAO – Meat Market Review: Emerging Trends and Outlook in 2024

The Food and Agriculture Organization (FAO) has released its "Meat Market Review: Emerging Trends and Outlook in 2024," providing an in-depth analysis of global meat production, consumption, and trade. The report forecasts a moderate increase in global meat production in 2024, driven by higher slaughter rates and favorable profit margins. It highlights that beef and veal production are expected to rise, particularly in countries like Brazil and India, while pig meat production is projected to decline in China due to disease outbreaks. Poultry production is anticipated to grow, especially in the United States and Brazil, meeting the rising global demand. The FAO also notes that sheep meat production is likely to remain stable, with slight increases in Oceania and the European Union. Trade patterns are shifting, with increased exports from Brazil and India, while China is expected to reduce imports due to domestic production growth. The report emphasizes the importance of addressing challenges such as disease outbreaks, environmental concerns, and changing consumer preferences to ensure sustainable growth in the meat sector.