The veal and beef production at the farm gate in China is forecasted to grow consistently from 2024 to 2028. In 2023, actual production stood at 60 billion euros. The year-on-year growth rate from 2024 to 2028 shows steady increases: 3.6% from 2024 to 2025, 3.4% from 2025 to 2026, 3.3% from 2026 to 2027, and 3.2% from 2027 to 2028, indicating a slight deceleration in growth. The compound annual growth rate (CAGR) over these five years is projected to be approximately 3.4%.
Future trends to watch for include:
- Potential impacts of technological advancements in farming on production efficiency.
- The effects of international trade policies on beef exports.
- Changes in domestic consumption patterns driven by evolving dietary preferences.
