Global Animal Protein Outlook 2023: Deciding How to Grow Amid Challenges and Opportunities
Even though global animal protein production is expected to grow modestly in 2023, it will be another year of change for the sector. The industry will face high costs along the full supply chain, swings in consumption, and other areas of uncertainty for producers, such as elevated disease pressure and regulatory and market-driven changes. As a result, margins will be squeezed as buyers push back on higher production costs. But opportunities still exist, although they will be more restricted.
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Some key points from the outlook for animal protein in 2023
Australia & New Zealand
ShrimpSupply remains strong, despite lower prices and higher costs. Ecuador and Latin America are expected to continue driving farmed shrimp supply in 2023.
Fish Meal and Fish OilPrices of competing commodities support prices for both, which may ease slightly in 2023.
Where to go from here
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