Store - Swine/Pigs

The pork industry is one of the most important agricultural industries in the world. It is also one of the oldest, with a history that dates back to ancient times. The pork industry has undergone significant changes in recent years, driven by changing consumer preferences, technological advances, and shifting economic conditions. The global pork industry is now worth an estimated $100 billion, and it is forecast to grow at a CAGR of 3% between 2020 and 2030.

The Global Pork Market

The global pork market is expected to reach $138 billion by 2025, growing at a CAGR of 2.8% during the forecast period. The major factors driving the growth of the pork industry are increasing population and income, changing lifestyles, and rising demand for processed meat products.

Pork is one of the most widely consumed meats in the world and is an important source of protein. It is a versatile meat that can be used in a variety of dishes. Pork is rich in nutrients and has a number of health benefits.

The global pork industry has been growing steadily in recent years. The rise in demand for pork has been driven by population growth and changing lifestyles. The world's population is projected to reach 9.7 billion by 2050, up from 7.6 billion in 2010. This increase in population will lead to an increase in demand for pork.

Income levels are also rising around the world, which is driving up demand for pork. As incomes rise, people are able to afford more expensive cuts of meat, such as pork chops and ham. They are also able to purchase more processed meat products, such as bacon and sausage.

Changing lifestyles are also impacting the pork industry. People are increasingly living in urban areas and have less time to cook meals from scratch. This has led to an increase in demand for convenient food options, such as ready-to-eat meals and snacks made with pork meat.

The Pork Market in the United States

In the United States, the pork market is a thriving industry with many different sub-markets. The main pork market is for fresh pork, which is pork that has not been cured or smoked. The second-largest pork market is processed pork, which includes bacon, ham, and sausage. There are also smaller markets for frozen pork and live pigs.

The pork industry is worth billions of dollars and employs thousands of people across the country. The United States is the world’s largest producer and consumer of pork. In 2018, the US produced over 6 million metric tons of pork and consumed over 5 million metric tons. The top five states for pork production are Iowa, North Carolina, Minnesota, Illinois, and Indiana.

Pork is a popular meat in the US because it is versatile and relatively inexpensive. Pork chops are a common dinner option, and bacon is used in a variety of dishes from BLTs to carbonara. Ham is often served as a holiday meal, and sausage is used in everything from breakfast sandwiches to spaghetti sauce.

The popularity of pork has led to an increase in demand, which has resulted in higher prices for consumers. The average retail price of pork was $3.96 per pound in 2018, up from $3.89 per pound in 2017. This trend is expected to continue as the demand for pork products grows both domestically and internationally.

The Pork Market in China

In recent years, the Chinese pork market has been through ups and downs due to several reasons such as the Porcine Epidemic Diarrhea virus (PEDv) outbreak in 2014 that led to a sharp increase in pork prices, followed by oversupply and falling prices in 2016. The African swine fever (ASF) outbreak started in August 2018 and is still ongoing, resulting in a significant decrease in pork production and an increase in pork prices.

According to the National Bureau of Statistics of China, the country’s pork production decreased by 6.1% in 2019 to 53.85 million tonnes. The ASF outbreak is the main reason for the decrease in pork production as it has resulted in the culling of millions of pigs. The decrease in pork production has led to an increase in pork prices, with the average price of pork reaching RMB 23.64 per kg in 2019, an increase of 16.7% from 2018.

Despite the ASF outbreak, China’s demand for pork remains strong due to its cultural preference for meat. In addition, with the country’s economic development, more people are able to afford pork as their incomes have increased. As a result, China’s imports of pork have been increasing in recent years to fill the gap between supply and demand. In 2019, China imported 2.54 million tonnes of pork, an increase of 46% from 2018. The United States was the top supplier of pork to China in 2019 with a market share of 39%, followed by Germany with a 16% share.

The ASF outbreak is expected to have a significant impact on the pork market in China in the short and long term. In the short term, it is expected that pork prices will continue to increase as supply remains low. In the long term, it is expected that the ASF outbreak will lead to consolidation in the pork industry as smaller farms are unable to cope with the disease and will be forced to sell their pigs or stop farming altogether. This will result in larger farms becoming more dominant in the industry as they will be able to better withstand the impact of ASF.

The Pork Industry in Brazil

The pork industry in Brazil is one of the most important industries in the country. It is the second largest producer of pork in the world, behind only China. The Brazilian pork industry is worth approximately $12 billion USD. The majority of the pork produced in Brazil is exported, with Europe being the biggest market.

The Brazilian pork industry has been able to grow so rapidly due to a number of factors. Firstly, Brazil has a large population of pigs, with an estimated 60 million pigs in the country as of 2013. This gives Brazil a significant competitive advantage over other pork-producing countries that have smaller pig populations. Secondly, the Brazilian climate is ideal for raising pigs, with ample sunshine and relatively low temperatures year-round. This allows for year-round production, which is not possible in many other countries where winters are too cold for pigs to survive outdoors.

Brazilian pig farmers have also been very efficient at producing pork at lower costs than their counterparts in other countries.

The Brazilian pork industry has come under criticism in recent years for its environmental impact. The industry is responsible for a large amount of deforestation, as farmers clear land to make way for pig farms. In addition, the waste produced by pigs can pollute rivers and other waterways.

Despite these criticisms, the Brazilian pork industry is still growing rapidly and is expected to continue to do so in the future.

The Pork Industry in the European Union

The pork industry in the European Union is a vital part of the EU's agricultural sector, accounting for over 12% of the total value of EU agricultural production. The industry employs over 1.3 million people across the continent, with around half of these employed in pig production.

Pig farming in the EU is dominated by a small number of large-scale producers, who account for the majority of pigs produced. However, there is a significant number of smaller-scale farms, particularly in southern Europe, which produce a significant proportion of total output.

EU pig production has been growing steadily in recent years, reaching a record high of over 26 million tonnes in 2014. This increase is largely due to strong demand from China, which has been importing large quantities of pork from the EU in recent years.

Looking to the future, the pork industry is forecast to continue growing, with demand for pork expected to remain strong both domestically and internationally.

Conclusion

The global pork industry is forecast to grow in the coming years, with demand for pork expected to rise in both developed and developing countries. The rise in demand will be driven by factors such as population growth, urbanization, and rising incomes. However, the industry will also face challenges, such as disease outbreaks and trade disputes. These challenges could potentially hamper the industry's growth.

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