The meat demand in China experienced fluctuations from 2014 to 2023, peaking at 92.94 million metric tons in 2023, with a notable decline in 2020 due to external factors. The year-on-year variations illustrated resilience, with the most substantial growth observed in 2021 at 5.84%. Over the last five years, the compound annual growth rate (CAGR) was 0.43%. Forecasts indicate steady growth, with meat demand projected to reach 95.44 million metric tons by 2028, reflecting a forecasted CAGR of 0.42% and a total growth rate of 2.12% over five years.
Future trends to monitor include:
- Impact of economic growth on meat consumption patterns
- Potential shifts to alternative protein sources due to health and environmental concerns
- Effect of policy changes and trade dynamics on meat supply and pricing