From 2013 to 2023, the turnover of the wholesale of meat, poultry, and eggs markets in China has shown an overall growth trend. In 2013, the market stood at 1.03 hundred billion yuans Renminbi, peaking at 1.99 hundred billion yuans Renminbi in 2023. The market saw double-digit growth between 2013 to 2016. However, it experienced a notable decline in 2017. This was followed by recovery and a significant surge in 2019, likely due to external factors. Over the last five years, the average annual growth rate (CAGR) was 8.55% up to 2023, stabilizing the market after prior fluctuations.
In 2023, the market turnover reached 1.99 hundred billion yuans Renminbi, showing a year-on-year growth of 4.99%. Over the last two years, the market displayed moderate but consistent growth, indicating stability.
Looking ahead, the market is forecasted to continue growing, albeit at a slower pace, with a CAGR of 3.29% from 2024 to 2028. By 2028, the turnover is expected to reach 2.44 hundred billion yuans Renminbi, translating to a 17.54% growth over the five-year period.
Future trends to watch for include potential impacts of government policies on food safety, shifts in consumer demand towards high-quality and organic produce, and technological advancements in supply chain management which could further optimize market efficiency.
