POULTRY NEWS

PRODUCTIVITY GAINS, INVESTMENTS HELP GLOBAL POULTRY INDUSTRY

While a continued impact of COVID is felt worldwide, global poultry meat production has continued to grow and will reach nearly 135.2 million metric tons in 2021, or an increase of about 1.3% over the previous year, according to the Food and Agriculture Organization (FAO). This again makes it the largest volume in the total world meat production of 345.6 million metric tons and largest traded in volume at 15.6 million metric tons in 2021. While growing at a slow rate, the poultry industry continues to deal with not only worker shortages, but also supply chain issues associated with the ongoing COVID pandemic. Production will reach 136,815 million metric tons by 2021, up from about 85 million metric tons in 2006. The dominating countries will again be China, the U.S. and Brazil, with 26.41, 23.15 and 15.98 million metric tons, respectively. In terms of consumption by region, both developed and developing regions continue to consume more poultry meat than any other meat species, led by North America at per capita consumption predicted at almost 50 kilograms per person by 2030. Rising feed prices are currently challenging meat producers, already hurt by supply chain issues, while meat prices rise. The meat price/feed index is projected to fall in the future. In the U.S., the USDA expects broiler production to increase at a slower rate in 2022, 1.23%, than it did in 2021, 2.03%. Turkey production is expected to rebound and grow by 1.09% in 2022 after falling by 0.2% in 2021. A major investment worldwide to contribute to poultry market growth is in diagnostic technology to improve animal welfare and safety. By 2025, the forecasted value of the poultry diagnostics market in Latin America is projected to increase to US$70 million in 2021, a growth of 75 percent from US$40 million in 2020. Poultry diagnostics are important for the sake of monitoring and preventing the spread of disease among livestock in 2021.