By Maria Lettini, 14 August 2017.
Thirty years ago, beef was such a rarity in China it was known as ‘Millionaire’s Meat’. Now however, as populations and prosperity in China and wider Asia grow, demand for Asian meat is booming. A demand that will have lasting global consequences.
Since the 1980s, meat consumption for the average Chinese citizen has quadrupled to 63kg of meat per year. Across Asia, demand for meat is projected to grow 19% between 2013 to 2025, to 144 million tonnes. On the back of this, rapidly industrialising animal protein companies are attracting the attention of large investors. Chinese meat and feed producers such as New Hope Group and Wen’s Group are now among the world’s ten largest global animal feed manufacturers.
Investors however, should not bite off more than they can chew when it comes to risk in Asia’s meat, dairy and seafood sector.
A new report released today shows Asia’s meat, seafood and dairy industries face a range of badly managed sustainability risks from emissions to epidemics, fraud to food safety and abuse of labour to abuse of antibiotics.
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