Ageing, urbanisation and migration continue to be major factors shaping the global population. The number of seniors around the world kept expanding in 2021 and is expected to grow further in the years to 2040. The number of small children is systematically falling globally due to decreasing fertility rates, later marriages and other factors influencing the change in lifestyles. Containment of the pandemic, gradual lift of the restrictions and political unrest encourage greater mobility and migr
This report comes in PPT.
Latin America’s food, beverages and tobacco industry is poised to record stable growth over the forecast period, supported by expanding exports and the region’s growing importance in global food supply chains. The near-term outlook, however, may be clouded by surging inflation and decelerating economic growth which, in turn, will impede domestic demand and the food industry’s expansion in the region.
Due to the region’s strong livestock sector, meat and meat products will continue to drive the industry’s growth in a number of Latin American countries. Brazil, Mexico and Argentina are forecast to remain the largest meat producers in the region through to 2030. In the near term, soaring food prices may favour poultry and pork instead of more expensive beef.
Soft drinks is forecast to remain the largest beverages category over the forecast period, accounting for USD52.2 billion in 2030. Growing consumer concerns over sugar-related health issues such as obesity are expected to elevate demand for low sugar alternatives. Meanwhile, the lifting of lockdown restrictions and opening of social gathering places should help to fuel sales of spirits. As a result, spirits are poised for the fastest growth over the forecast period.
Brazil and Argentina are the main net exporters of food, beverages and tobacco regionally, with their and the majority of Latin American countries’ exports witnessing a considerable increase over the historic period. Meat products, vegetable oils and animal fats continue to be the largest food exports categories in Latin America. Exports are expected to grow further at least over the near term, supported by tightening global food supplies amid the Russian invasion of Ukraine and global rise in food prices, elevating demand for lower-cost produce from Latin American countries.
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