In 2023, beef meat production in China stood at approximately 6.53 million metric tons. The forecast for 2024 predicts a slight increase to 6.55 million metric tons. From 2024 to 2028, a modest upward trend is evident, with growth rates of approximately 0.3% to 0.5% annually, resulting in production reaching 6.64 million metric tons by 2028. This results in a compound annual growth rate (CAGR) of about 0.4% over the forecast period.
Future trends to watch for:
- Changes in domestic policies affecting beef production and livestock management.
- Impact of international trade agreements and geopolitical factors on import-export dynamics.
- Technological advancements in agricultural practices.
- Growing consumer demand for alternative protein sources and shifts in dietary preferences.