Key regions: South Korea, Russia, Canada, Philippines, China
The Fresh Meat market in China's Food Market is seeing minimal growth, influenced by factors such as increased consumer health awareness, convenience of online services, and adoption of digital technologies. Sub-markets like Beef & Veal, Pork, Poultry, Mutton & Goat, and Other Fresh Meat are likely impacted by these factors, contributing to the overall market's sluggish growth rate.
Customer preferences: With the rise of health consciousness among Chinese consumers, there has been a notable shift towards organic, grass-fed and hormone-free meat options in the Fresh Meat Market. This trend is driven by concerns over food safety and environmental impact, as well as a growing interest in clean eating and sustainable living. Furthermore, the increasing purchasing power of younger generations has also led to a surge in demand for premium and specialty meat products, such as grass-fed beef and free-range poultry, reflecting a shift towards more health-conscious and ethical consumption habits.
Trends in the market: In China, the Fresh Meat market is experiencing a shift towards organic and sustainable meat products, driven by increasing consumer awareness about food safety and environmental concerns. This trend is expected to continue, with the Chinese government promoting sustainable agriculture practices and implementing stricter regulations on meat production. This presents opportunities for industry stakeholders to invest in organic and sustainable meat production, as well as develop marketing strategies to cater to this growing demand. Additionally, the rise of e-commerce in China has led to the emergence of online meat marketplaces, providing consumers with a convenient and transparent way to purchase meat products. This trend is expected to continue, with the digitalization of the meat market creating opportunities for industry players to reach a wider consumer base and improve supply chain efficiency. However, challenges such as food safety and traceability remain, and stakeholders will need to address these issues to build consumer trust and maintain the growth of the Fresh Meat market in China.
Local special circumstances: In China, the Fresh Meat Market within The Food market is heavily influenced by the country's massive population and strong cultural traditions surrounding food consumption. The growing middle class and increasing urbanization have led to a rise in demand for high-quality, imported meat products. Additionally, China's strict regulations on food safety and quality control have led to a preference for locally sourced meat. This has created a unique market dynamic where both domestic and international meat producers must adhere to strict standards to cater to Chinese consumers. Furthermore, the country's rapid economic growth has also led to an increase in demand for premium meat products, creating opportunities for higher-end meat producers to enter the market.
Underlying macroeconomic factors: The Fresh Meat Market of the Meat Market within The Food market in China is heavily influenced by macroeconomic factors such as economic growth, consumer spending, and government policies. China's rapid economic growth and rising disposable income have led to an increase in demand for high-quality and diverse meat products. Additionally, the Chinese government's initiatives to modernize the agriculture sector and improve food safety standards have also positively impacted the market. However, factors such as fluctuations in currency exchange rates and the ongoing trade war with the US have the potential to affect the market's growth. Moreover, the recent outbreak of African swine fever in China has resulted in a decline in pork production, leading to a rise in demand for alternative meat sources such as beef and poultry. Overall, the macroeconomic landscape of China plays a crucial role in shaping the growth and performance of the Fresh Meat Market of the Meat Market within The Food market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, 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. This data helps us estimate the market size for each country individually.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 exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.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.
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