Demand in Chinese Condiment Market to Keep on Growing, Says CRI in Its Report Now Available at MarketPublishers.com05 May 2016 • by Natalie Aster
LONDON – The Chinese condiment market was estimated at around CNY 200 billion in 2015. Over the past few years the annual market growth rate was above 15%. Nowadays, demand for condiments in China is gaining traction at a fast pace due to a constant development of the domestic economy, changing consumer tastes, intensifying market competition and enhancing awareness of healthy food.
The local market for condiments is dominated by soy sauce sector with annual output of more than 9 million tons. There is a great number of soy sauce manufacturers active in the country, with Haitian and Lee Kum Kee dominating the domestic condiments market.
The paste and sauce products sector witnesses uneven rapid growth in China; most rapidly growing enterprises are located in South and East China. The leading products (accounting for the largest sales volume shares) in the sector include meat paste, chili sauce, bean paste and tomato paste.
The Chinese condiments market is anticipated to become more integrated in the years ahead with market concentration rate expected to rise.
Insightful research study “Research Report on Condiment Industry in China, 2011-2020” worked out by China Research and Intelligence Co. (CRI) is a reliable source of information on the current situation in the Chinese condiments market. Is highlights the historical development, covers product supply and demand dynamics, reviews the major market development strategies, examines the Chinese condiments industry chain structure, highlights government policies and regulations, explores the top sales channels, uncovers imports and exports data. Moreover, the report delves into the market competitive landscape, profiling key local and transnational companies active in the Chinese condiments market. Detailed forecasts for the Chinese condiments market up to 2020 and an overview of the factors impacting the market development are available in this cutting-edge research report.
For more comprehensive research reports by the publisher visit CRI page.