Dairy products, not being ‘traditional’ for China, are evolving as a fast growing sector in the market. There are a lot of reasons for this, including rising preference for western products, calcium awareness, increased availability and improved income.
In 2005, dairy products’ total market increased to RMB 85.50 billion (USD 10.59 billion), showing a growth of 115.59% over 1999. The dairy products’ market share in total food market rose to 3.0% in 2005 against 2.60% in 1999.
A rapid rise in income, changing lifestyle, promotion of dairy industry by the government and better marketing facilities has lead to a stupendous demand for the dairy products in the past few years. But analysts have divided views on the growth. Some are of the opinion that milk products market has already seen a boom while others believe that the trend of rising demand will continue.
“Food Processing Market in China (2005)”, a recent report by RNCOS, states that due to varying patterns of consumers’ purchasing habits, increasing urbanization and rise in 2nd and 3rd tier cities, the China’s dairy industry is anticipated to double in size to around $ 20 billion by the end of this decade.
The research report also includes the issues and facts that are important for the success of Food Processing Market in China.
- Relative study of Chinese and Asian food processing market
- Country wise estimation for processed food and beverages (2004 & 2005)
- Approximation of changes in food and agricultural import regulations and standards
- Drivers for the food processing Industry in China
- Study of overall investment opportunity and growth possibilities in food sector
- Threats and Challenges for China food processing industry
The research report “Food Processing Market in China (2005)” by RNCOS gives an account that how varying lifestyles, availability of raw material and suggestible trade regulations has lead to the industry’s growth in the region. It also covers the improvements and hurdles in demands and supply by the country in terms of unit sales.
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