China Beef Market Size & Outlook, 2023-2030
China beef market, 2017-2030 (US$M)
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China beef market highlights
- The China beef market generated a revenue of USD 88,881.8 million in 2023 and is expected to reach USD 124,294.9 million by 2030.
- The China market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, loin was the largest revenue generating cut in 2023.
- Brisket is the most lucrative cut segment registering the fastest growth during the forecast period.
Beef market data book summary
| Market revenue in 2023 | USD 88,881.8 million |
| Market revenue in 2030 | USD 124,294.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Loin |
| Fastest growing segment | Brisket |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Brisket, Shank, Loin |
| Key market players worldwide | Tyson Foods Inc Class A, NH Foods Ltd, Marfrig Global Foods SA ADR, Minerva SA ADR, Hormel Foods Corp, JBS SA ADR, Vion Food Group, Australian Agricultural Co Ltd, Cargill, Danish Crown |
Other key industry trends
- In terms of revenue, China accounted for 16.9% of the global beef market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China beef market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 29,948.5 million by 2030.
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Beef Market Scope
Beef Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China beef market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to beef market will help companies and investors design strategic landscapes.
Loin was the largest segment with a revenue share of 36.34% in 2023. Horizon Databook has segmented the China beef market based on brisket, shank, loin covering the revenue growth of each sub-segment from 2017 to 2030.
Beef consumption is expected to increase with the rising GDP per capita. An increase in disposable income has changed consumer lifestyles and thus preferences, which has resulted in an inclination toward high-priced protein products such as beef.
As per a study published by the USDA in 2020, the consumption of beef in the country accounted for roughly 16% of the beef consumed globally i.e., 20.91 billion pounds.
Due to the growing demand for beef, China has reduced the tariffs on Australian beef through China Australia Free Trade Agreement (CHAFTA), which emphasizes on improving market access, mainly for chilled beef.
Reasons to subscribe to China beef market databook:
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Target buyers of China beef market databook
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Our clientele includes a mix of beef market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China beef market , including forecasts for subscribers. This country databook contains high-level insights into China beef market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China beef market outlook size, by cut, 2017-2030 (US$M)
China Beef Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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