The poultry meat market in China stood at 21.1 million metric tons in 2023. From 2014 to 2023, the market showed periods of steady growth with occasional dips; notably, a 4.61% decrease in 2020 due to external factors. The market displayed resilience with a 5.69% rebound in 2021. As of 2023, the year-on-year growth was 0.39%, with a five-year compound annual growth rate (CAGR) of 0.33% from 2018 to 2023. Looking forward, from 2024 to 2028, the forecasted five-year CAGR is 0.31%, expecting a gradual growth rate of 1.57% over this period.
Future trends to watch for:
- Impact of technological advancements on poultry farming efficiency.
- Changing consumer preferences towards healthier and organic poultry options.
- Potential influence of import/export regulations on market dynamics.
- Adoption of sustainable and eco-friendly farming practices.
