China's beef meat production has seen a steady increase over the past decade. In 2023, production was 6.1645 million metric tons, reflecting a modest year-on-year growth of 0.99%. Over the last five years, the compound annual growth rate (CAGR) stood at 1.19%, indicating consistent growth despite minor fluctuations.
Future trends predict continued growth, with production estimated to reach 6.4799 million metric tons by 2028, at a forecasted five-year CAGR of 0.79%. This represents a total growth rate of 4% over this period.
Future trends to watch for include:
- Impact of technological advancements in farming and livestock management.
- Changes in consumer preferences and dietary shifts towards or away from beef consumption.
- Government policies related to agricultural subsidies and import-export regulations.