Several new reports from USDA’s Economic Research Service identify trends that will affect meat demand and marketing opportunities for pork producers.
- U.S. food expenditures are projected to increase by 26 percent by 2020, driven by population growth and personal income growth.
- The number of Americans older than 65 years will jump from 35 million in 2000 to 54 million in 2020.
- While the rate of new food-product introductions declined between 1995 and 2000, "all-natural" product introductions increased by 178 percent and new organic products grew by 57 percent.
- Rising incomes in low- to middle-income countries should increase food expenditures and demand for meat overseas. Foreign markets are likely to be an important source of future growth for the U.S. food sector.
For more information on food-industry trends, go to http://www.ers.usda.gov/Publications/