Rabobank Report - Poultry & aquaculture to lead production growth in 2024, beef & pork to contract Animal protein production growth to slow but continue, despite unfavourable market conditions30 November 2023 30 November 2023 4 minute read 4 minute read By: By: RabobankAnimal protein companies face tightening margins as production growth is anticipated to continue, but at a slower pace. Poultry and aquaculture production are set for modest growth, but beef, pork and wild catch seafood are likely to contract. Animal protein production growth will slow as margins remain tight in 2024, with producers and processors needing to adapt to sustain success, according to Rabobank’s annual Global Animal Protein Outlook report. Higher production costs and tighter supplies will push animal protein prices up and constrain global consumption in 2024. A varied picture for regionsOn a regional level, Brazil and Southeast Asia will show the fastest production growth for poultry and meat.