NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/12 - High demand for processed meat in China will help the country’s food processing industry to record double digit growth, says RNCOS.
According to our new research report “Chinese Processed Food Market Analysis”, the processed food industry in China has been expanding at a fast pace due to increasing demand for time saving processed food that have become an important part of daily diet of Chinese consumers. The consumption of processed food in China grew positively during the tough financial conditions, and we expect that the processed food industry will grow at a CAGR of 33% during 2010-2013.
The report also highlights that among the processed food segments, processed meat is the fastest growing segment. Between 2000 and 2008, demand for processed meat products registered growth of 345% on the back of shifting consumption pattern. A growing number of urban Chinese consumers prefer to buy processed meat products for convenience.
Moreover, the research has found that Chinese consumers are now accepting more low temperature food products compared to high temperature food products because of taste and health benefits. Owing to this, major Chinese processed meat manufacturers have shifted their operations to low temperature food products. After studying the market thoroughly, we expect that demand for processed meat products will grow at a CAGR of 16% during 2010-2013. The report has also discussed various growth factors such as Chinese consumer diet preferences, growing food safety concerns and intensive marketing of processed meat products.
The report has also identified how different modern retail formats contribute to the growth of processed meat market in China. The report has further revealed that the segment of processed meat enjoying highest demand in the country. It has studied demand pattern of imported processed meat segments and highlights the major imported processed meat segment.
“Chinese Processed Food Market Analysis” provides an extensive research and objective analysis of the growing processed food industry in China, its structure, past and current performance and demand potential. The report gives detailed information about consumption patterns on other key processed food segments, including Dairy products, Fish and Seafood products, Fruit and vegetable Juice and ready meals products. The report provides forecast for each segment and throws light on the prominent market players operating in the processed food market.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.