The per capita grape market in China is forecasted to gradually increase from 7.46 kg in 2024 to 7.69 kg in 2028. The year-on-year growth is consistently steady, with minor annual increments highlighting a stable trend in consumption volume. In 2023, this figure stood at 7.40 kg, denoting a modest but consistent upward trend. Looking over a five-year horizon, we observe a compound annual growth rate (CAGR) around 0.75%, indicating steady progress in the market.
Future trends to watch:
- Potential impacts of domestic production efficiency improvements.
- Changing consumer preferences towards healthier diets could further boost grape consumption.
- Regional climate changes affecting grape yield and supply chain dynamics.
- Trade policies and tariffs influencing grape imports and exports.