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Consumer spending on meat and poultry expected to reach $154.7bn by 2021

  • 21 Mar 13:21

Consumer spending on meat and poultry expected to reach $154.7bn by 2021 The global meat and poultry market is expected to report sales of 146.7 billion for 2017, while the estimated sales figure for 2018 is forecasted to reach $154.7 billion by 2021, with a compound annual growth rate (CAGR) of 1.25% between 2016 and 2021, according to the Euromonitor International market study commissioned by Dubai World Trade Center (DWTC). For 2016, according to Euromonitor data, sales of the global meat and poultry market were situated at an estimated $145.4 billion, up by a CAGR of 1.0% between 2011 and 2016. A forecast made by industry sources quoted by Euromonitor’s study says that the global meat consumption should rise by 7% by 2023, while. Read more...