The import volume of beef in 2016 in China increased by 22.4 percent compared to 2015, according to market intelligence agency Research and Markets.
The baking ingredients market is estimated at US$13 billion in 2017, and is projected to grow at a CAGR of 5.4 percent to reach US$16.9 billion by 2022, according to Research and Markets.
China’s stevia market has been growing steadily, resulting in manufacturers finding ways to capitalise local and worldwide demand, according to CMM.
Food ingredients Asia China will be co-located alongside ProPak China at the Shanghai New International Expo Centre (SNIEC) in July 2018.
More consumers in China are now focusing on their health, creating new opportunities for healthy snacks, according to Mintel.
The functional drinks market turnover reached US$8.79 billion in 2015, increasing significantly from US$3.73 billion in 2011.
The recently published Environment Protection Tax Law of the Chinese government will replace the pollution discharge fee system into an environmental protection tax. This law is likely to change the current practice of highly polluting industries, including the pharmaceutical industry, into an environmental considering production in order to save taxes, according to market intelligence firm CCM.
The report, published by the China Association for Quality (CAQ), revealed that the satisfaction of Chinese consumers is decreasing, compared to 2015 and demands for the quality of milk are changing. Suppliers have to be prepared for the changing needs of their Chinese customers.
China’s bottled water industry is an unforgiving landscape with increasingly intense competition. Even though the market is vast, the oversaturation of many international and local brands has driven sales down, making it hard for many to survive. With the economic slowdown, what can water producers do to stay competitive in the market? By Julia Lee, food and drink analyst, Mintel China
The demand for functional drinks will continue increasing with the improvement of resident health awareness, which opens up various opportunities for functional drink manufacturers, reports Research and Markets.