Key regions: United Kingdom, United States, Brazil, Germany, Italy
China, being the world's most populous country, is a major player in the global meat market. The country has a rich history of meat consumption, with pork being the most consumed meat. In recent years, the meat market in China has witnessed significant growth and development.
Customer preferences: Chinese consumers have a strong preference for meat, particularly pork, as it is an integral part of their cuisine. Beef and poultry are also popular, but pork remains the most consumed meat in the country. The demand for meat in China has been driven by the growing middle class, who have higher disposable incomes and are willing to spend more on food.
Trends in the market: One of the major trends in the meat market in China is the shift towards higher quality and safer meat products. This is due to growing concerns over food safety, which have been fueled by a number of high-profile food safety scandals in recent years. As a result, consumers are increasingly willing to pay a premium for meat that is certified as safe and of high quality.Another trend in the market is the growing popularity of plant-based meat substitutes. While meat consumption remains high in China, there is a growing awareness of the environmental and health impacts of meat production. This has led to the emergence of a number of plant-based meat substitute products in the market, which are gaining popularity among health-conscious consumers.
Local special circumstances: China's meat market is unique due to a number of factors, including the country's size and diversity, as well as its cultural and culinary traditions. For example, pork is an integral part of Chinese cuisine and culture, and is consumed in a variety of forms, from roasted pork to dumplings. Additionally, the country's vast geography and regional differences mean that different types of meat are more popular in different parts of the country.
Underlying macroeconomic factors: The growth of the meat market in China is closely tied to the country's economic development. As the Chinese economy has grown, so too has the country's middle class, which has led to an increase in demand for meat products. Additionally, the government's efforts to modernize the agricultural sector and improve food safety have also contributed to the growth of the meat market. However, the industry also faces challenges, such as rising production costs and environmental concerns.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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