Condiment industry sales of 27.723 billion yuan in 2001, as of the condiment industry sales increased to 151.622 billion by the end of 2010, the compound annual growth rate of more than 17%. According to the survey, fine molecules in all food and beverage industry in the condiment industry sales revenue in 2010 ranked no. 5, up 32.36% from a year earlier. The future as the condiment industry integration, industry development is expected to speed up.
Condiment industry competition pattern
Champ food industry analysts pointed out that the condiment industry competition pattern presents the market concentration is low, state-owned enterprises, foreign enterprises and regional corporation situation of tripartite confrontation. Chinese condiment market through continuous integration and the impact of foreign capital, concentration is constantly improving, the competition is increasingly fierce. A few years ago the condiment market competition pattern is simpler, now gradually excessive to state-owned enterprises, foreign enterprises and the development of strong regional corporation consisting of three situation, small and medium-sized condiment-producing enterprises will face more pressure, industry consolidation will be accelerated.
Champ consulting released "2011-2016 Chinese condiment industry analysis and investment value study report shows that: there are a lot of condiment industry driven force, which will accelerate the development of condiment industry. There are three aspects positive condiment industry:
A, policy is good. Condiments policies and regulations and industry standard constantly, the spice production enterprises have played an important role constraints, barriers to entry and make the industry more and more high, this is helpful to eliminate the barriers in the development of industry.
Second, the restaurant industry high-speed development. Condiment industry dressing consumed in catering industry accounted for 70% of total sales revenue. The prosperity and development of the catering industry will greatly promote the development of the condiment industry.
Third, consumption upgrading. With the increase of incomes, consumer consciousness have escalated, consumers of condiment industry have higher expectations, which will improve the added value of seasoning products, greatly promoted the whole flavoring industry to upgrade.