Food & Beverage

Analysis on Consumer Survey of Edible Vegetable Oil in China

Consumer satisfaction of edible oil industry is relatively stable, which indicates that quality and safety of edible oil industry are stable and satisfactory from the perspective of consumers. According to research datum, brand images and perception quality have large effects on consumer satisfaction whereas perception value has small effect on satisfaction. In 2016, edible oil industry consumer satisfaction basically keeps the same as the past years. “Safe and clean package” is the highest rated item by interviewees of edible oil while “cooking fumes” is the lowest one. 44% of interviewees…

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Food & Beverage

Development Trend of China Swine Feed Industry

Feed industry is a highly-marketized industry with huge market and provides development opportunities for numerous SMEs. Meanwhile, with high marketization and transparency, it prompts many leading enterprises. In 2011, national production volume of industrial feed was 181 million tons, up by 11.70% YOY and its overall scale ranking the first in the globe. In 2015, national production volume of feed exceeded 200 million tons, up by 23.50% from 2010. In feed industry plan in the thirteenth Five-Year Plan, it explicates that the target production volume of feed industry is 220…

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Food & Beverage

Analysis on Status Quo and Sales Channels of Milk Powder Market in China

Market size of infant milk powder was CNY 28.3 billion in 2009 and reached CNY 80 billion in 2015 at an annual growth rate of 19%. Sales volume of milk powder declined in 2016 for population born in 2015 decreased by 370,000 YOY. It is estimated that market size of milk powder will be CNY 86.4 billion, up by 8% YOY. Foreign-funded brands cover large market share, and the concentration rate grows. In recent years, many foreign-funded brands have entered in China, sales value of which far exceeds that of…

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Food & Beverage

Analysis on Pork Output and Import Volume and Pig Slaughter Volume

China is the largest pork consumer in the world. International pork producers providing better pork at lower cost aim at China’s pork market, for there are a large number of pork consumers and domestic pork prices have no advantage. Import volume of pork soared since 2016. According to statistics from China Customs, total import volume of pork reached 1,620,000 tons and increased by 108% YOY in 2016, hitting a record high. Annual pork consumption is above 50 million tons in China. Demand for hogs varies as season changes. Generally speaking,…

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Food & Beverage

Fruit Market Size Will Reach CNY 3,240 Billion by 2024 in China

Fruit production is unevenly distributed in the world. In terms of fruit production volume, Asia ranks the first, accounting for 46.0% of the total and America ranks the second, accounting for 25.3%. Fruit planting area and output volume grow steadily in China while the import and export deficit shrinks. Fruit planting area increased from 8,932,000 hectares in 2000 to 12,816,000 hectares in 2015 with the CAGR of 2.44%, showing a steady growth trend. Total output volume increased from 214 million tons in 2010 to 274 million tons in 2015 with…

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Food & Beverage

Prospect of Dairy Product Industry Development Trend in China, 2017

At present, imported milk accounts for over one-third of the domestic market. Milk imported from New Zealand accounts for 64% of the imported dairy product for the factors such as transport cost. In 2016, the number of cows decreased by 2.1% in New Zealand. Now there is a rebound in prices of raw milk but the livestock of cows is estimated to be in a negative growth in New Zealand in 2017 due to periodicity of cows. Global raw milk supply will decrease with the decline of livestock of cows.…

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Food & Beverage

Three Opportunities in China Condiment Industry, 2017

Condiment Industry, as a fiercely competitive industry, shows development trend of optimizing and adjusting industrial structure and raising brand concentration ratio now. Competitions between enterprises are no longer in production and sales scale but in satisfying growth and changes of consumer demand.   High-end Condiment According to the industry investigation and survey, consumption of soy sauce priced lower than CNY 3 declines, whereas products priced CNY 3-5 keep a growth of 10%; products priced CNY 5-8 keep a growth of  15% and soy sauce brands priced over CNY 8 grow…

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Food & Beverage

Five Key Trends of China’s Food Industry, 2017

The first trend: Under “new normal”, growth of food industry is slowing down, and the development will depend more on ‘value drives’ in the future. Food industry corresponds with the overall growth of China’s economy, both transferring gradually from the previous number driving to value driving and from eating more to eating better. Take dairy product industry for example: First of all, dairy product industry keeps growing now but its growth rate begins slowing down. Second, there will be differentiation of consumption, and the consumption of the high-income groups will…

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Food & Beverage

2017 Chinese Consumption Concept of Food and Beverage

Change of consumption concept: from ‘spending money unwillingly’ to ‘paying for convenience’ The soaring economy of China determines the huge gap between generations in terms of consumption concept. The influence of frugality is weakening, for the new generations prefer moderate or even excessive consumption as long as their economic conditions allow. Consumers are willing to pay for better quality, service and convenience. Change of consumption concept: from ‘advocating frugal life’ to ‘paying for high-quality life’. Change of concept: from ‘preferring oily food high in sugar and calorie, and believing being…

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Food & Beverage

Analysis on Beef Import and Export in China, 2016

According to CRI, in 2016, total production volume of pork, beef, mutton and poultry was 83.64 million tons, down by 1.1% YOY compared to 2015. Specifically, production volume of pork was 52.99 million tons, down by 3.4%; production volume of beef was 7.17 million tons, up by 2.4%; production volume of mutton was 4.59 million tons, up by 4.2%; production volume of poultry was 18.88 million tons, up by 3.4%. Production volume of egg and poultry was 30.95 million tons, up by 3.2%. According to statistics of the U.S. Department…

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