In 2023, veal and beef consumption at the farm gate in China stood at 9.00 million metric tons. Forecasts indicate a steady increase from 2024 through 2028, reaching 9.84 million metric tons. Year-on-year growth from 2024 to 2028 shows a consistent increment of approximately 1.86%, demonstrating a healthy demand trajectory. The compound annual growth rate over these five years is also projected to be around 1.86%.
Future trends to watch for include:
- Potential impacts of shifting consumer preferences and dietary trends on veal and beef demand.
- Influence of government policies on agricultural practices and beef production.
- Global trade dynamics and their effects on China's meat market.
- Technological advancements in farming that could affect production efficiency.
