In 2023, China’s chicken meat slaughtering stood at 11.842 billion heads. The market exhibited a steady growth pattern over the previous years, albeit with some fluctuations. For instance, between 2013 and 2014, there was a decline, followed by a few years of recovery and upward trends. Notably, significant growth occurred in 2018, continuing to the projected year 2028. As of 2024, the market is forecasted to grow at a compounded annual growth rate (CAGR) of 1.44% over the next five years.
Analyzing year-on-year variations, the last two years showed modest growth: 1.95% for 2022 and 1.87% for 2023. Over the last five years, the sector has averaged an annual growth rate (CAGR) of 1.92%, emphasizing a relatively stable increase in chicken meat slaughtering.
Future trends to watch for include:
- Increasing domestic consumption driven by rising incomes and urbanization.
- Potential impacts from regulatory changes related to animal welfare and food safety.
- Technological advancements in poultry farming and processing.
- Global market dynamics and export opportunities, especially with shifting trade policies and demand in other regions.
