Vietnam's pork consumption will increase by nearly 30% by 2030

According to the Agency of Foreign Trade (Ministry of Industry and Trade), the latest forecast of the United States Department of Agriculture (USDA), shows that, in the period 2023-2030, pork consumption in Vietnam in 2030 will increase by 28.3% compared to 2023.

Also according to USDA forecasts, global pork consumption is expected to reach 131 million tons in 2030, an increase of 7.2% compared to 2023. Of which, pork consumption in the United States is expected to increase by 11.7%; increase by 5.8% in China; and increase by 4.5% in Russia.

Also by 2030, pork consumption in Latin America is expected to increase by 14.2% compared to 2023, reaching 10.7 million tons. Leading countries in the region such as Brazil, Mexico and Argentina have expected consumption of 3.5 million tons, 3 million tons and 1 million tons respectively in 2030. Compared to 2023, consumption increases by 10.6%, 13.5% and 27.6% respectively.

For Central America and the Caribbean, total pork consumption is estimated to reach 1 million tons in 2030, up 19% from 2023. Meanwhile, USDA expects the European Union's pork consumption to decline by 3.9%, from 18.4 million tons in 2023 to 17.7 million tons in 2030.

USDA forecasts total global meat consumption (beef, pork and chicken) will increase by 9.6% over the next 7 years, from 327 million tons in 2023, increasing to 358.4 million tons by the end of 2030.

Of which, global beef consumption is expected to reach 80.2 million tons in 2030, an increase of 7.3% compared to 2023; global poultry meat consumption is expected to reach 147.5 million tons in 2030, an increase of 13.2% compared to 2023.