China opportunity for companies engaged in the food business

China opportunity for companies engaged in the food businessAug. 9 – China is largest consumer market for food and beverage products nowadays, imported food gains further attraction, particular younger consumer’s attention to quality food and better life play a significant role for increasing demand for imported food and beverage, China market presents extra opportunity for food businesses globally.

Chinese Consumers – A Few Hard Truths

China is increasing demand for imported food and beverage products based upon, as most experts indicate: rising disposable incomes, limited arable land, water scarcity issues, urbanization, improving logistics systems, growing concerns for food safety, and expecting for better quality life. What does as a matter of fact manifestation mean? China has 20% of the global population but just 5% of globally available arable land which is suitable for farming, and capable of producing crops; certainly, China needs food & Beverage products, Chinese people need to be feed; and China’s middle class consumer base will reach 500 million by 2020, they are the main force of demand and consumption in China, and in fact, they are the hard truths can’t be undervalued.

The Most Popular Imported Foreign Products in China

China is world-class market. by 2018, China will be the world’s largest consumer of imported food according to China experts, there are 3 main categories 22 products the Chinese importers focus on: Food &beverage 23%; Cosmetics 21% and Fashion& accessories 20%. The most popular China imported 22 products: Cereal, Dairy, Eggs, Honey, Sugar, Meat & Seafood, Clothing, Live Animals, Coffee, Tea & Spices, Gems, Precious Metals, Coins, Cotton, Alcoholic Beverages, Cocoa, Leather, Milling Products, Ethnic & Tailored Clothing, Vehicles, Fur-skin & Artificial Fur, Wood, Cereal & Milk Preparations, Pharmaceuticals, Other Food Preparations, Oil, and Art & Collection Items. China continues to be the food and beverage importing country, and the import volume, quality and dimensions is growing bigger and wider and broader. China market presents a huge potential for food sector globally, understanding the demand and supply of China market and Chinese consumers are the keys to get your products into china market.

China to Accelerate the Bakery Sector in Main Cities

Nowadays, baked foods are particularly popular with younger consumers in China, beyond daily bread, more and more Chinese consumers are becoming increasingly conscious of nutritional value and food-safety issues. To address such concerns, numerous bakery companies are keen to promote the quality of their products. Shoei, for instance, claims to use only baking ingredients that are free from additives, preservatives, coloring and flavoring essences. According to Mr Cen, some 50% of all of Shoei’s baking materials are sourced from abroad, including all of its dried fruit and nut content. At the same time, as consumers inevitably want to try new food items, the company has to constantly update its range with novel and lesser-known items from around the world. Recently, smart food processors and “fast fashion” food-service equipment are the new bright spots in the Chinese mainland’s bakery industry. According to exhibitors at the China Bakery Exhibition, held in Guangzhou last May, bakeries will develop mixed operations and sell coffee and drinks in addition to bread and pastry. The scale of the exhibition reflected the way baked food has moved into the mainstream across the mainland, becoming a staple for many families. This year, the country’s bakery sector is expected to be worth Rmb401.3 billion (US$59 billion), and is predicted to rise to Rmb550 billion by 2020.

Food Businesses Opportunity When It Comes to China

The real opportunity therefore for food and beverage based businesses in particular, when it comes to China, is in the development of imports/exports platforms and expand connections with Chinese importers for food and beverage products, reaching out to local lower-tier Chinese main cities are the key getting into China market. For instance, in 2016, Hong Kong people ate their way through 860 tonnes of rice, 2,323 tonnes of vegetables, and eight tonnes of premium beef. And since 95 per cent of food consumed in Hong Kong is imported, that equates to a deep pool of opportunity for companies engaged in the food business. For the List of Chinese Importers for Packaged Food is available upon request, please contact with DCCC, or email to: info@dccchina.org

Bookmark the permalink.

Comments are closed.