The import of protein concentrates and textured protein substances to China is projected to grow steadily from 2024 to 2028, with a consistent increase in value each year. From 28.431 million USD in 2024, imports are expected to reach 33.537 million USD by 2028. Assuming a baseline for 2023, the trend indicates a notable upward trajectory.
In terms of year-on-year percentage growth, the forecasts suggest a growth rate of approximately 4.5% per annum, maintaining a steady increase in demand for these products in China.
Key trends to monitor include:
- Growing consumer preference for plant-based and high-protein diets, which could drive demand further.
- Potential policy shifts in China regarding food imports and local production incentives.
- Technological advancements in food processing that might alter the landscape for protein products.