Animal protein production growth will slow as margins remain tight in 2024, with producers and processors needing to adapt to sustain success, according to Rabobank’s annual Global Animal Protein Outlook report.
After four years of growth in animal protein production globally, 2024 will see the pace slow or even decline across some protein types, Rabo predicts.
The shift comes as producers and processors navigate tighter margins due to structural changes to market conditions. Higher production costs and tighter supplies will push animal protein prices up and constrain global consumption…
