In 2023, the consumption of eggs at the farm gate in China stood at approximately 34.47 million metric tons. Forecasts indicate a steady growth, reaching 36.63 million metric tons by 2028. The year-on-year growth rate from 2023 to 2024 is about 1.3%, which remains consistent across subsequent years. A five-year CAGR from 2023 to 2028 suggests an average annual growth rate of approximately 1.2%, reflecting a stable upward trend.
Future trends to watch:
- Potential dietary shifts towards increased protein consumption could further boost egg demand.
- Technological advancements in poultry farming may enhance productivity, influencing supply dynamics.
- Shifts in regulatory policies and economic conditions may impact market stability and pricing.
- Consumer preferences for organic and free-range eggs might drive niche market growth.