Condiment Industry in China 2015

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Chinese condiment mainly refers to soy sauce, vinegar and similar products, monosodium glutamate (MSG), etc.. In 2008-2012 Chinese condiment industry revenue grew at a CAGR of 17%, of which, soy sauce and vinegar sector as the main driving force grew at a CAGR of 23%.

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Condiment Industry in China 2015

  1. 1. China Condiment Industry Report, 2013-2015 by Research In China Explore all reports for “Food & Beverage” market @ http://www.chinamarketresearchreports.com/cat /food-beverage.html © ChinaMarketResearchReports.com ; sales@chinamarketresearchreports.com ; +1 888 391 5441 .
  2. 2. China Condiment Industry Report, 20132015 The collection of ‘Food & Beverage’ market research reports has a new addition of “China Condiment Industry Report, 2013-2015”On chinamarketresearchreports.com . Being optimistic about the prospect of Chinese condiment market, Danone, Nestlé, Unilever, Hormel Foods, McCormick and other foreign companies through mergers and acquisitions, direct investment or joint ventures have in succession entered the Chinese condiment market. On January 4, 2013 Hormel Foods acquired Unilever's Skippy? Brand Peanut Butter (including the facilities in Little Rock, Arkansas, USA and Weifang, China) with US$700 million; on May 31, 2013 McCormick (Wuhan) Food Co., Ltd., a wholly-owned subsidiary of McCormick completed the asset acquisition of Wuhan Yatai Seasoning Food Co., Ltd. with US$147 million to get the latter's chicken essence brands "DaQiao" and "ChuShiLe", making strong entry into Central China. Chinese condiment mainly refers to soy sauce, vinegar and similar products, monosodium glutamate (MSG), etc… Inquire for a discount on this report @ http://www.chinamarketresearchreports.com/contacts/inquiry.php?na me=114691 . © ChinaMarketResearchReports.com ; sales@chinamarketresearchreports.com ; +1 888 391 5441
  3. 3. China Condiment Industry Report, 20132015 In 2008-2012 Chinese condiment industry revenue grew at a CAGR of 17%, of which, soy sauce and vinegar sector as the main driving force grew at a CAGR of 23%. Benefiting from the household consumption upgrade as well as the rapid development of catering industry and food production, the Chinese condiment industry prior to 2015 is expected to maintain a growth rate of above 20%. In 2013 Chinese condiment (including only soy sauce, vinegar and the like, MSG) industry revenue climbed 21.8% YoY to RMB131.19 billion. Chinese soy sauce production reached about seven million tons in 2012, a yearon-year increase of 3.7%; 6.1 million tons in January-October 2013, a year-onyear increase of 8.1%. In 2012 China's four major soy sauce brands by output – HaiTian, MeiWeiXian, Lee Kum Kee and JiaJia accounted for total market share of 30.5%. Complete report available @ www.chinamarketresearchreports.com/114691.html . © ChinaMarketResearchReports.com ; sales@chinamarketresearchreports.com ; +1 888 391 5441

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