Veal and beef production at farm gate in China exhibited a variable growth pattern from 2013 to 2023. Standout years include a clear contraction phase from 2013 until 2017, followed by a more robust growth trend starting in 2018. In 2023, the value reached 78.28 billion USD. Year-on-year variations over the last two years show a moderate increase: 8.96% in 2022 and 8.14% in 2023. The average compound annual growth rate (CAGR) for the last five years stands at 10%.

Future trends to watch for:

Continued growth forecasted with a CAGR of 4.9% from 2024 to 2028.
Factors such as domestic demand, international trade policies, and technological advancements in agriculture impacting production and revenue.
Market dynamics, such as consumer preferences shifting towards alternative protein sources and the impact of climate change on livestock farming.