Pig Farming in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
0320Revenue
$93.3bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
2m
Businesses
145k
Wages
$X.Xbn
Pig Farming in China industry analysis
Revenue for the Pig Farming industry in China is expected to grow at an annualized 14.0% over the five years through to 2023, to $93.2 billion. This trend includes an anticipated rise of 5.8% in the current year. Rising domestic living standards and purchasing power have stimulated demand for pork. Many small and mid-size pig farming enterprises have exited the industry since 2012, having been affected by the implementation of strict environmental regulations in China. Moreover, due to the strong fluctuations in meat prices, the number of slaughtered fattened hogs decreased from 708.3 million to about 671.3 million over the period.Profit varies monthly due to fluctuations in pork prices and market demand. It also varies greatly among enterprises and across regions. In 2023, profit for the average industry enterprise is estimated at 7.5% of revenue. But the domestic pork price is falling in 2023, profit margins for pig farms will decrease rapidly. Although pork is still the most popular meat consumed in China, other meats such as chicken, beef and mutton are growing in popularity.Revenue growth is projected to slow to an annualized 5.2% over the five years through 2028, to reach $120.3 billion. Trends over the next five years are anticipated to include introduction and application of advanced farming models, the exit of small farms, and growth in the number of scaled and intensive farming enterprises. All of these trends are projected to increase farm productivity and reduce operational costs.
Trends and Insights
- Consumers cannot do without pork. Pork is the most popular meat in China, accounting for more than 60.0% of all meat consumption.
- Pig is the largest product sector in the pig industry. It is expected to account for 93.2% of industry revenue by 2023.
- Pig farming activities are concentrated in Sichuan, Hunan, Henan, Shandong, and Hubei provinces. It is expected that the total revenue of these provinces will account for 41.6% of industry revenue in 2023.
- The competition in the pork market is relatively fierce, mainly composed of large breeding enterprises and farmers. Large enterprises have economies of scale advantage.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 14.0 % over the past five years, to reach an estimated $93.3bn in 2024.
Trends and Insights
The pig farming industry is influenced by multiple factors
- China's ongoing economic growth has raised income levels and demand for pig products over the period.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
External competition in the pig farming industry will intensify
- Growth is projected to be slower than over the past five-year period, as external competition from other livestock industries is anticipated to increase.
Biggest companies in the Pig Farming in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Pig Farming in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Live pigs, Pig bristles and Pig skin. Live pigs is the largest segment of the Pig Farming in China.
Trends and Insights
Live pigs comprise the largest product segment
- Live pigs comprise the largest product segment in the Pig Farming industry, and are expected to account for 93.2% of industry revenue in 2023. This segment can be further divided into boars, piglets, and commercial pigs.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Sheep and Cattle Farming in China
- Poultry Farming in China
- Fish Farming in China
Complementors
- Meat Processing in China
International industries
- Hog & Pig Farming in the US
- Hog & Pig Farming in Canada
- Pig Farming in Australia
- Deer, Pig and Other Livestock Farming in New Zealand
- Pig Farming in the UK
Table of Contents
About this industry
Industry definition
The Pig Farming industry in China comprises farms engaged in pig rearing and processing pig by-products, such as pig bristles and raw pig skin.
What's included in this industry?
Live pigsPig bristles and pig skinCompanies
Purchase this report to view all major companies in this industry.
Related Terms
COMPOUND FEEDSEGREGATED EARLY WEANING (SEW)MARICULTUREPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Consumers cannot do without pork. Pork is the most popular meat in China, accounting for more than 60.0% of all meat consumption.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Pig is the largest product sector in the pig industry. It is expected to account for 93.2% of industry revenue by 2023.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Pig farming activities are concentrated in Sichuan, Hunan, Henan, Shandong, and Hubei provinces. It is expected that the total revenue of these provinces will account for 41....
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The competition in the pork market is relatively fierce, mainly composed of large breeding enterprises and farmers. Large enterprises have economies of scale advantage.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Pig farming enterprises have transformed. Pig farming enterprises have shifted from a single pursuit of quantity to a focus on production quality and ecological farming.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The law regulates aquaculture facilities. According to the law, livestock and poultry farms and breeding communities should build corresponding facilities based on the scale ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profitability is influenced by multiple factors. Variations in feed costs, demand conditions and pig growing place in the market, and weather patterns can all affect industry...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Pig Farming industry in China in 2024?
The market size of the Pig Farming industry in China is $93.3bn in 2024.
How many businesses are there in the Pig Farming in China industry in 2024?
There are 145k businesses in the Pig Farming industry in China, which has declined at a CAGR of 0.6 % between 2019 and 2024.
Has the Pig Farming industry in China grown or declined over the past 5 years?
The market size of the Pig Farming industry in China has been growing at a CAGR of 14.0 % between 2019 and 2024.
What is the forecast growth of the Pig Farming industry in China over the next 5 years?
Over the next five years, the Pig Farming industry in China is expected to grow.
What does the Pig Farming in China include?
Live pigs and Pig bristles and pig skin are part of the Pig Farming industry.
How competitive is the Pig Farming industry in China?
The level of competition is moderate and increasing in the Pig Farming industry in China.
