U.S (New York) – New research study titled “China Meat Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
key players are [WH Group Limited, Shandong Jinluo Enterprise Group, Zhucheng Waimao Co., Ltd., Yurun Group, Shandong Delisi Group Co., Ltd, COFCO Meat, Smart Trend Trading Ltd., Chuhai Trading Company, Hongxings Shengye Food Co.Ltd., Guangyao Shangmao Ltd., Parker International Llc Migliorini
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Report Ocean, revealed that the China meat market is estimated to grow at a CAGR of 5.9% during the forecast period (2021-2027).
Flourishing Food Tourism in China Projected to Drive the China Meat Market
The food tourism sector in China is flourishing by leaps and bounds. Chinese cuisine is a major attraction for tourists, as it is considered an essential part of experiencing Chinas local culture. The demand for meat is, therefore, expected to increase with the increase in international tourists in China. Consumption of meat is primarily fueled by on-trade channels such as hotels, restaurants, and street food vendors, which are boosting the growth of China’s meat market.
Increasing Meat Import Activities is Anticipated to Boost the Market Growth
In terms of producing, consuming, and importing meat, China now leads the world. In response to the rising demand for meat in the country, China is significantly investing in meat import and export activities to fuel domestic meat consumption. The United States, France, Denmark, Spain, Canada, Germany are among the major pork importers of China. Additionally, China is also welcoming other countries to boost meat imports. For instance, China has recently authorized a Pakistan-based firm to export meat into the country. Such initiatives are anticipated to boost the growth of the China meat market.
China Meat Market – By Distribution Channel
Based on categories, the Japan meat market is grouped into on-trade and off-trade segments. The off-trade segment is further classified into supermarkets/hypermarkets, specialty stores, online stores, and others. The supermarket/hypermarkets segment accounts for the largest market share owing to the availability of a wide range of meat types under one roof. Furthermore, the presence of a high number of supermarkets/hypermarkets stores in China also plays a crucial role in driving the segments growth. On the other hand, the on-trade segment also covers a substantial share in the market due to flourishing tourism and high consumption of meat through hotels, restaurants, and street food vendors.
Impact of COVID-19 on China Meat Market
The COVID-19 outbreak negatively impacted the growth of the China meat market. Several meat processing plants and wet markets were temporarily closed due to the Coronavirus that was believed to have originated from China via bat meat for human consumption. In addition, the cases of other zoonotic diseases were also emerging, which made consumers reluctant to consume meat. Moreover, the disruptions in supply chains also led to a shortage of frozen and chilled meat products in supermarkets and hypermarkets, affecting the market growth.
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Market Segment:
By Type(Red Meat, Poultry, Seafood)
By Product Type(Fresh, Chilled, Frozen), By Distribution Channel (On-Trade, Off-Trade)
The market is highly fragmented, due to the presence of several industry players engaged in processing, import, and export activities. The market players constantly focus on offering a wide range of meat types and often launch new meat products to cater to the changing consumption pattern. They also work on improving the distribution channels by establishing partnerships with on-trade channels, such as hotels and restaurants and supermarkets/hypermarkets, etc., to increase their product penetration and expand their market revenue. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
Threat of New Entrants:
- If the threat of new entrants is high, it indicates that buyers have more options and can easily switch suppliers, increasing their bargaining power.
- Industry details: An industry with low entry barriers and minimal regulatory restrictions may attract new entrants, which can give buyers more choices and negotiating power.
Bargaining Power of Suppliers:
- If suppliers have strong bargaining power, they can dictate terms and prices, reducing buyer power.
- Industry details: Industries with few suppliers, unique resources or expertise, or limited alternative suppliers may give suppliers more power, affecting buyers’ ability to negotiate favorable terms.
Bargaining Power of Buyers:
- If buyers have strong bargaining power, they can demand lower prices, better quality, or additional services from suppliers.
- Industry details: Industries with many buyers, low switching costs, or readily available alternatives can enhance buyer power and their ability to negotiate favorable deals.
Threat of Substitute Products or Services:
- If there are many substitute products or services available, buyers can easily switch, giving them more power.
- Industry details: Industries with numerous substitutes or evolving technologies that provide alternative solutions can give buyers the upper hand in negotiations.
Intensity of Competitive Rivalry:
- High competition among existing industry players can give buyers more options and bargaining power.
- Industry details: Industries with many competitors, slow industry growth, or low differentiation between products/services may result in intense rivalry, benefiting buyers.
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