The Mutton and Goat Meat market volume in China has shown fluctuation over the past decade. After hitting 5.2 million metric tons in 2016, it experienced some variability, including a decline in 2020. The market recovered with moderate growth, reaching 5.25 million metric tons in 2023. Notably, the YoY growth rate over the past two years remained around 0.54%, while the 5-year CAGR stood at 0.62%. Forecast data predicts a continued, albeit modest, rise to 5.4 million metric tons by 2028, with a 5-year CAGR of 0.43%, indicating a stable market environment.
Future trends to watch:
- Impact of changing dietary habits and increasing health consciousness among consumers.
- Government policies related to meat production and import/export regulations.
- Technological advancements in meat processing and supply chain logistics.
