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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