The United Nations estimates that the world population is 7.2 billion people today, growing to 8.1 billion by 2025 and 9.6 billion by 2050, an increase of 12.5 percent and 33 percent respectively.
Not only will there be more people to feed, but the middle class will more than double in size from 2 billion today to over 4 billion by 2030. Most of the middle-class growth will come from the so-called BRIC countries – Brazil, Russia, India and China – and many of the Asian countries.
These middle-class adults will expect a middle-class lifestyle, which includes a safe, higher quality diet that contains more animal protein for their families. A pet will usually join the family when more disposable income becomes available as well, presenting broader opportunities in the animals sector to keep these additional pets healthy and well fed with quality products.
That’s part of why we are here. TechAccel is focused on the significant opportunities created by shifting global demographics over the next 20-30 years.