In 2023, lard production in China reached an actual value of 3.02 million metric tons. From 2024 onwards, forecasts indicate a steady growth in production, with year-on-year percentage variations ranging from approximately 1.63% to 1.48%. The compound annual growth rate (CAGR) for the 2024-2028 period is estimated at approximately 1.53%.

Future trends to watch for include:

Potential shifts in consumer preferences towards healthier fat alternatives, which could impact lard demand.
Technological advancements in production efficiency that might influence supply dynamics.
Environmental policies and regulations that could affect fat and oil industries more broadly.