The meat market size in China stood at 93.12 million metric tons in 2023. From 2014 to 2023, the market grew with a mixed trend, experiencing a major drop in 2020, but generally indicating steady recovery afterward. The year-on-year variation in 2023 was 0.51%, with a CAGR of 0.44% over the last five years. Future projections suggest a continued moderate growth with a forecasted CAGR of 0.42% by 2028, indicating a market size increase of 2.1% over the next five years.
Trends to watch for:
- Shift towards alternative proteins due to health and environmental concerns.
- Impact of government policies on meat production and consumption.
- Consumer behavior changes due to economic factors and global events.
