Economic drivers talking points
- The United Nations estimates that the world's population will reach 9.6 billion by 2050 — a 33 percent increase. Most of the growth will be in developing regions, such as China, India and Africa.
- By 2030, the global middle class is estimated to double in size, to more than 4.9 billion. This growth will be matched by an estimated $3.5 trillion in additional annual consumer food-related spending by 2025. This population segment will demand a safe, higher-quality diet focused on animal protein and cereal grains.
- An expected increase in demand for food animals will also increase the demand for feed grains. Agricultural producers will increasingly seek improved technology to grow more food on the same amount of arable land.