Processing in China: a growth market
China, the country that consumes almost 20% of
all of the world's poultry, is opening its doors to expansion in the food
processing and packaging industry.
A recent market report, "Food Processing Market in China
", states that China is now the
world's fastest-growing economy, and is anticipated to maintain an annual GDP
growth rate of 7% for next 5 years.
A booming Chinese economy, with a consumer base of 10 million for processed
food, has created opportunities for global players. The research report says
that the availability of raw materials, changing lifestyles and flexible trade
regulations have given momentum to the processing and packaging industry.
With a population of 1.3 billion, increasing at 10 million a year and with
a growing economy, China is the largest food consumer in the world.
Though only 30% of food consumed in China is "packaged" (in comparison to
80% in the western market), the processed food market is expanding, mainly in
busy urban areas because of convenience, healthier choices, variation and
In spite of its recent growth, China's food processing market is still
underdeveloped. As demand continues to increase, it is expected to witness
exponential growth in the future.
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