Revenue for the Sheep and Cattle Farming industry in China is expected to increase by 2.2% in 2014 to $80.9 billion. Domestic demand for beef and mutton in China has increased at an annualized rate of 3.7% over the past five years due to the surging purchasing power of Chinese people. Prices of these meats have generally increased over the past decade, with a dramatic surge in 2008. From 2006 to 2008, pork prices increased significantly, which increased demand for beef and mutton as substitutes. Beef prices rose from 2009 to 2013, and are expected to continue increasing in 2014.
The Sheep and Cattle Farming industry in China consists of farms engaged in the feeding of sheep, cattle, horses, mules, donkeys, camels and other major livestock. The activities of this industry include the processing of fresh milk, butter, cheese and other milk products at the livestock's location. It also includes the basic processing of some by-products, such as fur processing and mane processing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.