Other Livestock Products - China

China

Gross production value in Other Livestock Products market is projected to amount to €0.50tn in 2024. An annual growth rate of 5.95% is expected (CAGR 2024-2028), resulting in gross production value of €0.63tn in 2028.
The import value in Other Livestock Products market is projected to amount to €1.8bn in 2024. An annual growth rate of -6.20% is expected (CAGR 2024–2028).
The export value in Other Livestock Products market is projected to amount to €0.4bn in 2024. An annual growth rate of -0.57% is expected (CAGR 2024–2028).

Key regions: United Kingdom, Germany, United States, Spain, Italy

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Other Livestock Products market in China has been steadily growing in recent years, driven by a combination of factors such as changing customer preferences, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Consumers in China have been increasingly interested in incorporating a wider variety of protein sources into their diets, leading to a rise in demand for Other Livestock Products such as rabbit meat, quail eggs, and duck meat. Additionally, there has been a growing interest in traditional Chinese medicine, which often incorporates ingredients sourced from Other Livestock Products.

Trends in the market: One trend in the Other Livestock Products market in China is the increasing popularity of online sales channels. E-commerce platforms have made it easier for consumers to access a wider variety of products, including those that may not be available in their local markets. Another trend is the rise of large-scale, vertically integrated production systems, which have helped to improve efficiency and reduce costs.

Local special circumstances: China's vast territory and diverse climate have led to a variety of unique local special circumstances that impact the Other Livestock Products market. For example, in some regions, rabbit meat is a traditional delicacy, while in others, it is considered taboo. Additionally, the government has implemented various policies aimed at promoting the development of the Other Livestock Products industry, such as offering subsidies to small-scale producers.

Underlying macroeconomic factors: China's rapidly growing middle class and increasing urbanization have contributed to the growth of the Other Livestock Products market. As more people move to cities and adopt more Westernized lifestyles, they are seeking out new and different protein sources. Additionally, the government's efforts to promote rural development and reduce poverty have led to increased investment in the agricultural sector, including the Other Livestock Products industry.

Methodology

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.