The beef meat slaughtering sector in China showed a general upward trend over the past decade, reaching 41.781 million heads in 2023. The year-on-year variations fluctuated, with a significant drop in 2020 followed by recovery and moderate growth in subsequent years. The CAGR for the last five years stood at 1.06%, indicating steady growth.
Future forecasts indicate a continued but slower growth trajectory, with a five-year CAGR projected at 0.67%. By 2028, beef meat slaughtering is expected to grow by 3.39%, reaching 43.593 million heads. Key future trends to watch include potential impacts of climate change on livestock production, shifts in consumer preferences toward alternative proteins, and advancements in production technology that could improve efficiency and output. Monitoring these factors can provide a better understanding of potential disruptions or growth accelerators in the industry.
