Processors Ramp Up Production Alongside a Growing Demand for Meat Goods
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
NEW YORK, Feb. 10, 2020 /PRNewswire/ -- Emerging trends, which have a direct impact on the dynamics of the food processing industry, include new technologies that reduce detrimental changes in foods and maintain their nutritional value. In addition, the consistently rising demand and consumption of processed foods is a key driver for the market. However, despite being a universal necessity, this demand is more prevalent in the developing world where recent economic progress and increasing market openness to foreign goods has radically changed the food processing sectors in countries such as India and China. As a result, the Asia Pacific remain the largest region in terms of market share. Furthermore, a significant consequence of this is the rise in consumption of proteins (beef, poultry, and pork). According to the USDA, in 2017, the global consumption of proteins was measured at 258 million tons. However, poultry segment has grown by approximately 16% between 2008 and 2017 making it
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