The world’s most famous white man is no longer the world’s biggest.
In a rare instance of a “world’s largest dinner,” the International Food Policy Research Institute (IFPRI) reports that India’s Pat Dye Foods Ltd.
has topped the list.
Dye Foods India’s market share was 4.5% at the end of June, up from 2.5 percent a year ago, according to IFPRI.
The IFPRI says it’s the country’s highest share of total market share, which was just over 10% at 1.8% at year-end.
In fact, India has only surpassed China as the world leader in terms of market share.
In India, the global market for white meat is expected to reach $2.3 trillion in 2021.
But that is expected only to rise as demand for it will grow, according TOI.
India’s consumption of white meat was valued at $1.8 trillion in the first nine months of the year, a figure that is forecast to increase to $2 trillion in 2020.
That is still a tiny fraction of China’s market value.
China is estimated to consume more than $16 trillion in meat products each year.
However, the IFPI says that India is only the world largest white meat market in terms (and size) of market shares, and it is likely that India will overtake China in the next few years.
The IFPRAI also says that there is a strong possibility that India, in the near future, will overtake Russia as the largest white-meat market in the world.