In 2023, China's poultry meat production stood at 23.7 million metric tons. Forecasts for 2024 to 2028 show a steady annual increase, reaching 26.15 million metric tons by 2028. This represents a compound annual growth rate (CAGR) of approximately 2.43%. Year-on-year growth rates range from 2.07% to 1.87% for the forecasted years, indicating consistent growth in the poultry industry.
Future trends to watch for:
- Potential impacts of dietary shifts towards healthier and more sustainable protein sources.
- Advancements in poultry farming technology and biosecurity measures.
- Market responses to domestic policies on agricultural productivity and environmental regulations.
- Trade dynamics and global market integration affecting export opportunities and domestic consumption.