Chinese Beef Market Examined in New Report by Smart Research Insights Available at MarketPublishers.com25 Nov 2014 • by Natalie Aster
LONDON – The beef consumption in China witnessed steady increase within the last few years, although the beef demand has historically been low in the country. The surge in the consumption in China is primarily driven by such factors as the change in diets, the rising incomes, expansion of western food service chains and the increasing population in urban areas.
China is the 5th country in the world in terms of beef consumption rates, which total 4-5 kg per capita. The beef market in China primarily relies on imports, as the local production is not enough to satisfy the country's beef demand. The major part of beef imports to China comes from Canada, while the other largest exporters include New Zealand, Uruguay and Australia.
The legal beef imports totaled about 300,000 metric tons in 2013. The total Chinese beef import volume is forecast to grow by 20% in the upcoming five years, presenting huge opportunities for beef exporting countries. The overall beef imports to China are forecast to amount to 1.7 million by the year 2018.
New market research report “Growth of China’s Beef Market” worked out by Smart Research Insights presents a guide to the Chinese beef market and offers key details on the industry development.
The new comprehensive report not only traces the beef market development in China, but also unveils extensive statistics on the overall meat consumption in the country. Key market trends and drivers as well as future opportunities are highlighted and examined in the report, too. Moreover, the research comprises an in-depth overview of main exporters of beef. Additionally, it discloses key factors having influence on the beef market expansion in the country and sheds light on the latest sector dynamics. Future prospects of the beef market in China are also contained.
Growth of China’s Beef Market
Published: November, 2014
Price: US$ 500.00
More market studies by the publisher can be found at Smart Research Insights page.