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Meat Is Getting So Expensive People Are Cutting Back

Millions Are Tumbling Out Of Global Middle Class In Historic Setback
Photographer: Victor Moriyama/Bloomberg

Meat demand is waning globally thanks to a surge higher for prices coming at a time when the global consumer sentiment is starting to see a shift toward plant-based diets.

While it’s still too early to see a broad global data point that captures the decline, regional sales figures along with interviews with consumers, food sellers, analysts and experts across the globe point to a clear trend: Meat demand is under what looks to be a long-term threat, Bloomberg News reports.