Vegan burgers might be all the rage, but that doesn’t mean the world’s meat-producing giants are worried about demand.
The top executives at Brazil’s JBS SA and BRF SA say global demand for animal proteins will continue increasing for decades, buoyed by rising income levels and population growth in developing nations such as China and India.
With protein consumption set to grow by over 70% through 2050, according to projections from the United Nations, the long-term outlook remains bright for the meat industry, JBS’s Gilberto Tomazoni and BRF’s Lorival Luz said at a Bloomberg event in Sao Paulo.
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