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Southeast Asia’s Growing Meat Demand and Its Implications for Feedstuffs Imports
Southeast Asia’s rising incomes, growing population, and increasing urbanization have contributed to growth in livestock production and meat consumption, particularly poultry and pork. Southeast Asia includes 10 countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. This article focuses on five key emerging markets within the region: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam (5 Southeast Asian Countries). According to USDA’s International Long-Term Projections to 2028, the region will become the world’s fastest-growing importer of soybean meal—a key ingredient in animal feed—over the next decade and will overtake the European Union (EU) as the largest soybean meal importer by 2022. In addition to its expanding pork and poultry production, the region’s growing imports of ...
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