n Red Meat / Rooivleis - BFAP 2016 : Red meat outlook until 2025 - : industry

Volume 7, Issue 5
  • ISSN : 2078-7936


Growth in beef consumption will slow to 6% in the coming decade, from almost 19% over the past ten years. Much of this slowdown, especially over the short term, is attributed to the rapid decline in beef consumption over the next three years due to a far more reserved outlook for income growth (resulting in part from the global economic downturn and drought). Consumer spending is expected to be under pressure, while at the same time supply limitations arising from herd liquidation as a result of the current drought have pushed prices to record levels.

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