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2019-06-18
160
China
Market Overview
Fresh food is free from any preservatives and processes such as canning, dehydrating, freezing or smoking. China fresh food market is driven by various factors such as increasing number of upper middle class people who are responsible for around 80% market growth. Other factors are the presence of generation X people who are more inclined for fresh food, increasing willingness to pay in lower tier cities that is trending the growth of market all over the region and lastly, 51% of Chinese consumers have the will to pay for the services they receive. Further, there is a rising trend of e-commerce industry supplying fresh food which is further inducing the growth of the market. China fresh food market size, based on online channels is expected to triple by 2018 to reach nearly USD 35 billion, backed by developing e-commerce and logistics in China and entry of new players or expansion of existing one’s such as JD.com. Also China has huge population, demanding for diverse range of food and higher quality food, but due to decreasing agricultural resources, huge import of food is expected in future. This factor is expected to hurdle the growth of the market as the quantity of fresh food supplied in China will be lower than present scenario, but it will be benefitting the importers and exports all over the world. Goldstein Research analyst forecast that the China fresh food consumption market is set to reach USD 150 billion by 2025, growing at a CAGR of 5.3% over the forecast period (2016-2025).
By Product
Fruits and vegetable accounted for largest market share of 57.0% in 2017 of the China fresh food consumption market. There is continuous rising demand for fresh food and vegetables on the back of health consciousness among the consumers. Fruits and vegetables are closely followed by meat and poultry market share, growing at a CAGR of 5.5% over the forecast period.
By Packaging
By Distribution Channel
By End-User
By Geography
The report covers the present ground scenario and the future growth prospects of the fresh food consumption market for 2016-2024 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the China region. China fresh food consumption market is forecasted on the basis of fresh food consumption production supply and agricultural produce.
China fresh food consumption Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the China fresh food consumption market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “China Fresh Food consumption Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our China fresh food consumption market report comprises of the following companies as the key players: Alibaba, JD.com, Shanghai Luyue Industrial Company Limited, Yunnan Zhenhuangji Import&Export Trading Co., Ltd., Shanghai Xuerong Biotechnology Co., Ltd., Bojie Group Co., Limited, Juxian Modern Organic Ginger Co., Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Key questions answered in this China Fresh Food consumption Market Report
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