Brazil and World

Expectation of 7% growth in the halal market

Each year, the halal market gains more importance in the world. Currently, there are more than 1.6 billion Muslims in different countries, representing 23.4% of the world population and, according to Technavio, a global market research company, this market is expected to grow 7% in the next 4 years.
Technavio forecasts growth of US $ 624.52 billion during 2020-2024. "The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the halal food market," according to the analysts.
51% of the market growth will originate from the Asia-Pacific region during the forecast period. Today, this region is the home of most Muslims in the world, 62%. Only 20% are in North Africa or the Middle East.
Brazil and World

Booming market and reduced animal supply support beef price

Beef prices remain heated in Brazil and, according to a Farmnews survey, from January 1st to June 10th this year the average price was R$ 306.6 per arroba, a result 53.2% higher than observed in the same period of 2020 (R$ 200.2).
Brazil and World

Brazil increases pork shipments abroad by 18%

From January to May this year, Brazilian pork exports totaled 453.9 thousand tons, this result being 18.44% higher than the one shipped in the same period in 2020.
Brazil and World

Brazilian chicken exports reach the highest volume of the year

Chicken meat exports from Brazil reached the highest volume in 2021, with 383,181 tons, and corresponded to a historic record for the month of May.
Brazil and World

USDA estimates 5% growth in Brazilian meat exports

Brazilian meat exports should continue to grow and, this year, it is estimated that Brazil will increase its animal protein shipments to the world market by 5%.