China is emerging as one of the largest consumers of food all over the world. The market for processed food, specifically in urban areas of China, is constantly growing. The annual food consumption in china accounts for ½ of the world’s production of pork, 1/5th each of ice cream and poultry, 1/3rd of rice, while almost 1/8th of the total beef consumption. However, out of the overall consumption of food in China just 25% is processed as compared to the western world where this percentage is 77%.
As per a recent market research report named “Food Processing Market In China (2005)” published by RNCOS, “Fundamentally, food production in China is fragmented in three categories namely food processing, beverage manufacturing and food manufacturing. Food processing is growing at the highest rate followed by beverage manufacturing. Essentially, the primary food processing includes milling, slaughtering and processing of seafood etc. Food manufacturing, on smaller scale, comprises of packaged food, dairy food, fermented product and canned food etc. However, medium-sized food manufacturing businesses account for food processing in bulk”.
As per experts, “The demand for processed, low-fat and nutritious food items will further augment in the years to come”.
The report is particularly intended for the international marketing executives, strategic planners, entrepreneurs, investors and export managers who are involved in any part of the entire food processing business. Different aspects of the food processing industry in China are covered in detail in this report. The report provides statistical information to support business environment. It also covers a comprehensive analysis of the economy and trade balance of the Chinese food processing industry with regard to other countries.
Other things mentioned in the report are various opportunities that exist before the food processing industry in China as well as the obstacles and challenges before this industry. Profiles of the key players in this sector, current trends in the Chinese food processing market and a reliable estimation of the future industry prospects have also been covered.
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