What is the projected trend of global beef consumption?

Global beef consumption is forecasted to grow at an average rate of 1.1% rate a year out to 2023. Relative to 2019, global beef consumption is expected to grow by 3.3 MT by 2023. Asian countries are projected to have a continuously increasing beef consumption, followed by Latin America, North America, Africa, and Oceania. Population and income growth support the growing trend of consumption.