Food Additives

China Food Market Greeting Change
By:

China as everyone knows is a rising economy. The food market is also experiencing a growth phase like other sectors. In coming years the food processing industry of China is anticipated to pay attention on the development of wheat corn and dairy products seasonings and food additives. As the market for fruit flavorings and baking ingredients is growing the demand for imported cereals tree nuts soybean poultry and fish is also expected to grow.

The multiplication of restaurants advertising supermarkets and new & attractively packaged goods in China is a measure of its consumers influential role in their countrys economy. Increase in spending ability and change in eating habits of Chinas people is transforming its food sector both in domestic and foreign trade.

The role of foreign firms in developing Chinas food retail market cant be ignored. The shelves of Chinas supermarkets are packed with foreign products. Agricultural and foodrelated businesses that can match the pace of change will be prepared to allow further foreign entry in the Chinese market. Disparity in incomes in urban and rural areas clearly highlights the regional discrimination in China. Greater regional pelf an easy access to seaport and imported technology has lead to the establishment of most food processing units along the industrialized eastern coast in Beijing Guangzhou and Shanghai.

Official statistics differentiate food production in three sections: food processing food manufacturing and beverage manufacturing. Primary processing of food that includes milling refining slaughtering and processing of aquatic food products witness the highest rate of growth followed by beverage industry. Food manufacturing is a small section consisting of packaged foods pastries and confectionaries canned food fermented products dairy products and condiments.

The increasing base of Chinas affluent customers is demanding food products in variety i.e. more of processed and convenience food. They are cutting down on traditional staples (wheat rice pork and vegetables) and including more poultry fish eggs dairy products and refined vegetables oils in their diet. Consequently the food sector is changing with a boom. Food manufacturing companies are launching new products investing in state of the art equipment and addressing food quality and safety issues to grow. Food retailing is transforming from conventional farmers market and corner kiosks to contemporary hypermarkets fast food restaurants and convenience stores.

For further information read the report Food Processing Market in China (2005) by RNCOS at: http://www.rncos.com/Report/FB14.htm

RNCOS is an industry leader in the field of online business research. We specialize in industry research on various business verticals. To read our other reports visit: http://www.rncos.com/Report.htm or email us at inforncos.com.

To get the latest news on World Retail Market please visit our newly launched Blog section at http://www.rncos.com/Blog/retail.html Tags: growth phase retail market food production dairy products eating habits food additives canned food food market food processing official statistics tree nuts chinese market

Source: http://www.articlealley.com/article_95084_26.html