Based on the provided data, the demand for mutton and goat meat in China is projected to grow steadily from 5.29 million metric tons in 2024 to 5.4 million metric tons in 2028. To contextualize, the demand in 2023 stood at 5.27 million metric tons, showcasing a modest year-on-year growth trend.
Year-on-Year Percentage Variation:
- 2024: 0.38%
- 2025: 0.57%
- 2026: 0.37%
- 2027: 0.56%
- 2028: 0.56%
The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 0.52%, indicating a stable, albeit slow, increasing trend in the demand for mutton and goat meat in China.
Future Trends to Watch For:
- Shifts in consumer preferences towards healthier and sustainable meat options.
- Economic factors affecting disposable income, influencing meat consumption patterns.
- Policy changes related to agricultural production and meat imports.
- Technological advancements in meat production and processing.
