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Pig Farming in China Industry Data and Analysis
Revenue for the Pig Farming industry in China is expected to grow at an annualized 0.1% over the five years through to 2024, to $184.7 billion. This trend includes an anticipated rise of 5.5% in the current year. Rising living standards and purchasing power of Chinese residents have stimulated demand for pork, which driven the demand for live pigs. Industry revenue has showed very high volatility in the past five years to 2024, mainly due to the lasting influence of African swine fever epidemic. In 2019 and 2020, industry revenue grew by 13.4% and 58.9% year on year due to the short supply and high prices of live pigs. From 2021 to 2023, industry revenue has kept declining with the recovering supply and falling prices of live pigs.Many free-range farmers as well as small and mid-scale pig farming enterprises have accelerated to exit the industry, or become commissioned pig farming firms of large pig farming companies. The number of establishments and enterprises will decrease at an average rate of 2.9% and 11.4% in the past five years to 2024. With the support of the Chinese Government, the proportion of large-scale pig farming in China has rapidly increased.Profit varies monthly due to fluctuations in pork prices and market demand. It also varies greatly among enterprises and across regions. Industry profit margins have been volatile dramatically in the past five years due to the sharp changes in live pig prices. In 2024, profit for the average industry enterprise is estimated at 3.8% of revenue. 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 2.5% over the five years through 2029, to reach $209.2 billion. Trends over the next five years are anticipated to include introduction and application of advanced farming models, the constant exit of free-range farmers and small- and medium-scale 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.
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What's included in this industry analysis
IBISWorld's research coverage on the Pig Farming industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
About this industry
What's this industry report about?
The Pig Farming industry in China operates under the industry code 0320. 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. Related terms covered in the Pig Farming industry in China include african swine fever (asf), large-scale pig farming and compound feed.
What's included in this industry?
Products and services covered in Pig Farming industry in China include Live pigs, Breeding pigs and Pig skin, pig bristles and other by-products.
What companies are included in this industry?
Companies covered in the Pig Farming industry in China include Muyuan Foods Co., Ltd., Wens Foodstuff Group Co., Ltd. and New Hope Liuhe Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Pig Farming industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Pig Farming industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Pig Farming industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Pig Farming industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Pig Farming industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Pig Farming industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Pig Farming industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Pig Farming industry in China.
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Frequently Asked Questions
What is the market size of the Pig Farming industry in China in 2026?
The market size of the Pig Farming industry in China is $184.7bn in 2026.
How many businesses are there in the Pig Farming industry in China in 2025?
There are 31,527 businesses in the Pig Farming industry in China, which has declined at a CAGR of 11.4 % between 2020 and 2025.
How may import tariffs affect the Pig Farming industry in China?
The Pig Farming industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Pig Farming industry in China?
The Pig Farming industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
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 0.1 % between 2020 and 2025.
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 are the biggest companies in the Pig Farming industry in China?
The biggest companies operating in the Pig Farming industry in China are Muyuan Foods Co., Ltd., Wens Foodstuff Group Co., Ltd. and New Hope Liuhe Co., Ltd.
What does the Pig Farming industry in China include?
Live pigs and Breeding pigs are part of the Pig Farming industry in China.
Which companies have the highest market share in the Pig Farming industry in China?
The company holding the most market share in the Pig Farming industry in China is Muyuan Foods Co., Ltd..
How competitive is the Pig Farming industry in China?
The level of competition is moderate and increasing in the Pig Farming industry in China.
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