PÖYRY POINT OF VIEW ARTICLE / 16 Sep 2013
Global Diet: a menu with radical business consequences
By 2050, there will be another 2 billion mouths to feed globally, requiring a 70% increase in production with no relative increase in land availability.
Since 2003, China has increased its imports of meat from Europe by 1900% and its imports of dairy, eggs and honey by 600%. Today, China alone requires an additional land mass equivalent in size to Argentina to subsidise its population. By 2050, there will be another 2 billion mouths to feed globally, requiring a 70% increase in production with no relative increase in land availability.
How can business digest the consequences?
The global diet will be a surprisingly powerful catalyst for business change and all industries need to be prepared for the consequences. In this Point of View, we explore the following questions:
- Is the global diet going to change land use for forest industry, mining, and agriculture?
- What will happen to biomass sourcing for bioenergy, the forest industry,chemicals and other bioproduct sectors?
- What will happen to land prices? Is availability the key question or will we simply see rising prices everywhere? Is land the next hot commodity?
- Will food packaging due to this change become a hotbed of innovation and global transformation?
- Will the special sector of antibacterials and hygiene grow to a tremendous value chain across sectors?