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There are xx businesses in the Sheep and Cattle Farming industry in China, which is expected to grow at xx% over the next five years. Revenue for the Sheep and Cattle Farming industry in China is expected to increase at an annualized 7.0% over the five years through 2022, to $144.1 billion. This includes an expected revenue increase of 3.8% in the current year. Domestic demand for beef and mutton in China is expected to increase at an annualized 7.1% over the five years through 2022, due to China's rising population and improved living standards. In addition, the prices of these meats have steadily increased over the past five years.
Curious about what drives these trends? IBISWorld's Sheep and Cattle Farming in China industry coverage has got you covered.
Total value (#) and annual change from 2012 – 2030.
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There is 1,836,837 Sheep and Cattle Farming in China businesses as of 2023, an increase of 0.6% from 2022.
The number of Sheep and Cattle Farming in China businesses has grown 0.7% per year on average over the five years between 2018 and 2023.
See our full analysis of the Sheep and Cattle Farming in China to understand if the mumber of bussinesses is expected to grow or decline over the next five years.
The Sheep and Cattle Farming in China has regular market share concentration and the largest business is New Hope Group.