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San Francisco, CA (PRWEB) November 28, 2012
In the five years through 2012, revenue for the Poultry Farming industry in China has been growing at an average annualized rate of 9.1% to $67.6 billion. Due to strict quarantine requirements, very few live birds are imported or exported; however, China is the largest egg producer in the world, accounting for over 40% of global production. Industry revenue has been growing steadily due to rises in poultry prices rather than rapid output growth.
Although poultry farming is one of the most modernized agricultural industries in China, the industry remains highly fragmented across the country. The top four farming enterprises Wens Food, Chia Tai Group, Shandong Liuhe, and Dalian Hanwei account for less than one-tenth of industry revenue/ Although market share concentration is low, the industry's leaders have been expanding much more rapidly than the industry as a whole. Rising labor costs in rural areas and frequent poultry diseases have made individual farming rather vulnerable and less competitive than specialized farms that benefit from economies of scale and more advanced farming technology.
Over the next five years, higher industry concentration levels are expected as the Poultry Farming industry becomes more integrated with both the upstream feed manufacturing industry and the downstream poultry processing industry. And while the domestic market for eggs is near saturation point, there are opportunities for farmers in the poultry meat product segment. Poultry meat represents less than a quarter of total meat consumed in China, much lower than the world average.
For more information, visit IBISWorlds Poultry Farming in China industry report page.
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IBISWorld Industry Report Key Topics
The Poultry Farming industry in China is engaged in the hatching and raising of poultry to produce meat and eggs. Poultry includes chickens, ducks, geese, ostriches and quails. This industry begins with the fertilization of eggs and ends with the supply of eggs and live birds ready for slaughter to poultry processors. Bird farming is not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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