The projected figures for beef and veal meat consumption in China from 2024 to 2028 indicate a steady increase. In 2023, the consumption stood at approximately 11.15 million metric tons. The yearly growth rates from 2024 to 2028 show upward trends, with an average annual growth rate (CAGR) over these five years indicating a robust demand increase.
Key future trends to watch:
- Rising disposable income in China is likely to fuel further growth in beef consumption as consumer preferences shift towards protein-rich diets.- Trade policies and domestic production capabilities will play crucial roles in shaping supply to meet the increasing demand.- The impact of sustainability concerns and potential regulatory changes on beef production and consumption is another critical aspect to observe.
