Meat consumption in China increased steadily in the past decade, reaching 129.6 pounds per capita in 2010
Los Angeles, CA (PRWEB) December 10, 2011
Despite its long history, the Meat Processing industry in China is in a growth stage. Spurred on by modern technology, the industry is changing the way the nation eats meat, with people consuming processed and precooked meat more than ever before. Strong potential still exists for the industry, as the rapid pace of modern life in cities and the increasing incomes of rural residents lead to stronger demand for industry products. The industry is forecast to grow at an average annual rate of 8.3%, reaching $82.38 billion in 2016, according to IBISWorld, America’s largest publisher of industry research.
The dietary patterns of residents have changed significantly since the Chinese Government implemented economic reforms in the late 1970s. This included a large rise in meat consumption as family income levels increased. Meat consumption in China increased steadily in the past decade, reaching 129.6 pounds per capita in 2010.
Low-temperature meat products are more expensive and have a shorter shelf life. However, in the long term, low-temperature meat products are expected to surpass high-temperature meat products as mainstream products of the industry, due to lower levels of nutrient loss and better taste.
Revenue of the Meat Processing industry is expected to total $55.24 billion in 2011, up 13.1% for the year, with annualized growth of 22.5% since 2006. Imports, totaling $2.22 billon, are expected to reach $2.59 billion and to make up a growing portion of industry revenue.
In the five years to 2016, this industry is expected to gradually slow down its growth, with its revenue increasing at an annualized growth rate of 8.3%, reaching a forecast $82.38 billion in 2016.
For more information, including profit levels, market shares, product segmentation and more, download IBISWorld’s report on the Meat Processing industry in China.
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The Meat Processing industry comprises establishments that produce sausages, cured meats, smoked meats, dried meats and other prepared meats and meat specialties from purchased fresh meats (both livestock and poultry). The industry also includes establishments that process by-products of livestock and poultry, such as lard from pig fats, sausage casing from intestines and rawhides from skins.
Meat Processing in China Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.