Food & Beverage

China’s Seafood and Algae Industries

In recent years, China’s seafood and algae industries have experienced rapid development with the types of products being increasingly diversified and the industry chain being gradually extended. The retail sales value of China’s seafood and algae grew at a CAGR of 8.2%, from approximately CNY 219.6 billion in 2011 to approximately CNY 325.8 billion in 2016, of which (i) approximately 52.0% were attributable to frozen seafood; (ii) approximately 12.7% to dried seafood; (iii) approximately 10.7% to algae; (iv) approximately 4.9% to seafood snacks; and (v) the remaining proportion of 19.7%…

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