Published on : May 02, 2018
Albany, New York, May 2, 2018: China, the world’s largest consumer and producer of pork, has been a major contributor in the global pork market consumption in the last few years. According to CRI, pork is a major variety of meat consumption in China so the pig industry plays a significant role in China’s animal husbandry. Recently, a study titled “Research Report on Pig Raising Industry and Pork Market in China, 2018-2022” has been broadcasted to the vast storehouse of Market Research Hub (MRH), which accurately predicts the development environment of pig breeding industry & pork market until 2022 and also gives an overview of the present market situation.
This research study also includes analysis of major trends and key drivers playing a major role in pork market growth over the forecast period. In addition, opportunities and challenges in pig breeding industry are also highlighted. For a better understanding of the market, the report constitutes crucial data covered in the sections, namely analysis on the cost and profit of pig breeding, status of import and export of pork and pig offal in China, China’s major pig breeding and slaughter enterprises, impact of Sino-U.S. Trade War on imported pork from the U.S. and price trend of pork in China.
Pigs and pork have been significant in China for thousands of years. As per the study evaluations, with the economic development and rising level of urbanization in China, the overall consumption of pork and the consumption per capita are both on the rise. As reported, in the year 2017, the production volume of pork reached 63.4 million tons in China, accounting for 63.4% of the total production volume of meat. Further, it has been also estimated that the profits of pig raising will keep growing in recent years. At the same time, the import volume of pork will also continue to increase. Generally, the areas of pig raising and pork producing mainly include Asia, North America and Europe, such as China, EU, the U.S., Brazil and Canada. In addition, the major consumption is concentrated in China, Europe, North America, Japan, Russia, etc.
The analyst of the report has also identified that, as the production volume of pork fails to meet the domestic demand in China, the overall import volume continues to escalate. In 2017, the import volume of pork in China fell to 1.2168 million tons and decreased by 24.9% YOY. Meanwhile, the import value totaled about USD 2.22 billion, decreasing by 30.4% year-on-year. Although the decline is significant, it may be too early to predict peak pork in China.
In recent years, with the promotion of standardized large-scale breeding around the world, the number of uniform large-scale farms has increased sharply which are also paving the way to a more sophisticated market.
Later, the competitive landscape offered in the report is a valuable resource for readers, as it helps in determining the complete competitive scenario in the market. This section outlines major pig breeding and slaughter enterprises in China, and they are New Hope Liuhe Co., Ltd., Jiangxi Zhengbang Technology Co., Ltd., Muyuan Foods Co., Ltd., Guangdong Wens Food Group Co., Ltd., COFCO Meat Holdings Limited, Henan Shuanghui I&D Co., Ltd., Tangrenshen Group Co., Ltd., Hunan Dakang International Food & Agriculture Co., Ltd., China Yurun Food Group Limited, and Chuying Agro-Pastoral Group Co., Ltd.
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