China Condiment Industry Overview, 2016-2020

Code: 1608386 | Published: Aug-2016 | Pages: 30 | China Research and Intelligence
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Description
Condiments are supplementary to improve the quality, color, aroma and taste of dishes together with sensory needs, appetite and health of consumers.
Major condiments include soy-bean sauce, vinegar, gourmet powder and chicken essence. Meanwhile, the demand for condiments differentiates due to huge land area and various dietary modes in China.
The condiment industry develops rapidly with the stable growth of economy, livelihood and the catering industry in China. Condiments are daily necessities while the proportion is small in resident consumption. With the improvement of consumption level, consumers prefer healthy, green and no-added condiments to low-end and cheap ones with inferior quality and taste.
According to CRI, there are thousands of condiment manufacturers while the industry concentration rate is low, and the differentiation of product quality as well as the sanitation level is large. Larger market shares are occupied by brands such as Haitian and Lee Kum Kee. According to CRI, the aggregate market share of top 5 condiment manufacturers was about 12.4% being fully competitive in China in 2015. However, the market concentration rate will be higher of segments such as soy-bean sauce and gourmet powder. More and more enterprises are attracted by this industry due to the large condiment market and high profits in China, which leads to huge threats for domestic brands from foreign-owned ones.
According to CRI, the market size of condiments increased from CNY 192 billion in 2011 to CNY 286 billion in 2015 with the CAGR of about 8%. Generally, the sales revenue of condiments is increasing while the rate is declining, which may be influenced by the economic growth rate.
Major raw materials of the condiment industry are grains such as soybeans, corns and wheat while part of them is meat. Therefore, costs of condiment raw materials are closely related to prices of grains like soybeans. Overall costs of the condiment industry are increasing yearly including that of manpower and marketing.
The demand of consumers for condiments will be diversified with the improvement of consumption level and livelihood. Condiment enterprises can develop products specialized for various cuisine demands to increase the added-value. Meanwhile, the condiment market is regionally differentiated so enterprises can manufacture condiments accordingly.
According to CRI, the annual growth rate of the condiment market size will remain over 6% from 2016 to 2020.

Through this report, the readers can acquire the following information:
-Definition and Classification of Condiments
-Research Methods of the Report
-Analysis on Supply and Demand of Condiments in China
-Competition Status in Condiment Industry in China
-Analysis on Top 5 Enterprises in Condiment Industry in China
-Development Opportunities and Driving Forces Faced by Condiment Industry in China
-Risks and Challenges in Development of Condiment Industry in China
-Costs and Prices of Condiment Industry in China
-Forecast on Development of Condiment Industry in China

Table of Contents

Table of Contents
1 Relevant Concepts of Condiment Industry
1.1 Definition and Classification of Condiments
1.1.1 Definition of Condiments
1.1.2 Classification of Condiments
1.2 Research Methods of the Report
1.2.1 Parameters and Assumptions
1.2.2 Data Sources
1.3 Analysis on Condiment Industry Chain
1.4 About CRI

2 Operation Status of Condiment Industry in China, 2011-2015
2.1 Development Environment of Condiment Industry in China
2.1.1 Economic Environment of Condiment Industry in China
2.1.2 Policy Environment of Condiment Industry in China
2.1.3 Social Environment of Condiment Industry in China
2.2 Analysis on Supply of Condiment Industry in China, 2011-2015
2.2.1 Manufacturers
2.2.2 Output Volume of Major Products
2.3 Demand for Condiments in China
2.3.1 Major Consumer Group of Condiments in China
2.3.2 Market Size of Condiments in China

3 Competition Status of Condiment Manufacturing Industry in China, 2013-2015
3.1 Barriers to Entry in Condiment Industry in China
3.1.1 Policy Barriers
3.1.2 Barriers of Sales Channels
3.1.3 Brand Barriers
3.1.4 Technical Barriers
3.2 Competition Structure of Condiment Manufacturing Industry in China
3.2.1 Bargaining Ability of Raw Material Suppliers of Condiments
3.2.2 Bargaining Ability of Condiment Consumers
3.2.3 Internal Competition of Condiment Industry
3.2.4 Potential Entrants of Condiment Industry
3.2.5 Substitutes of Condiments

4 Top 5 Condiment Manufacturers in China, 2013-2015
4.1 Foshan Haitian Flavoring & Food Co., Ltd.
4.1.1 Enterprise Profile of Haitian
4.1.2 Sales Revenue and Market Share of Haitian
4.2 Lee Kum Kee International Holdings Ltd. (China)
4.2.1 Enterprise Profile of Lee Kum Kee (China)
4.2.2 Sales Revenue and Market Share of Lee Kum Kee (China)
4.3 Fufeng Group Limited
4.3.1 Enterprise Profile of Fufeng Group
4.3.2 Sales Revenue and Market Share of Fufeng Group
4.4 Shanghai Totole Food Co., Ltd.
4.4.1 Enterprise Profile of Shanghai Totole Food Co., Ltd.
4.4.2 Sales Revenue and Market Share of Shanghai Totole Food Co., Ltd.
4.5 Meihua Biological Technology Group Co., Ltd.
4.5.1 Enterprise Profile of Meihua Biological Technology Group
4.5.2 Sales Revenue and Market Share of Meihua Biological Technology Group

5 Analysis on Costs of Raw Materials and Retail Prices of Condiments in China, 2013-2015
5.1 Analysis on Production Costs of Condiments in China, 2013-2015
5.2 Analysis on Condiment Prices in China, 2013-2015

6 Prediction on Development of Condiment Industry in China, 2016-2020
6.1 Factors Influencing the Development of Condiment Industry in China, 2016-2020
6.1.1 Major Driving Forces and Market Opportunities in Condiment Industry in China
6.1.2 Risks and Challenges in Condiment Industry in China
6.2 Prediction on Supply in Condiment Industry in China
6.2.1 Prediction on Enterprises of Condiment Industry in China, 2016-2020
6.2.2 Prediction on Condiment Structure in China
6.3 Forecast on Market Demand for Condiments in China, 2016-2020

Selected Charts
Chart Total Retail Sales of Consumer Goods in China, 2011-2015
Chart Related Laws and Regulations Concerning Condiment Industry Published by Chinese Government, 2012-2015
Chart Number of Condiment Manufacturers in China, 2011-2015
Chart Output Volume of Soy Sauce in China, 2011-2015
Chart Output Volume of Gourmet Powder in China, 2011-2015
Chart Market Size of Condiments in China, 2011-2015
Chart Major Condiment Manufacturers and Their Market Shares in China, 2013-2015
Chart Sales Revenue of Condiments of Haitian, 2013-2015
Chart Market Share of Condiments of Haitian in China, 2013-2015
Chart Sales Revenue of Condiments of Lee Kum Kee (China), 2013-2015
Chart Market Share of Condiments of Lee Kum Kee (China) in China, 2013-2015
Chart Sales Revenue of Condiments of Fufeng Group, 2013-2015
Chart Market Share of Condiments of Fufeng Group in China, 2013-2015
Chart Market Share of Condiments of Shanghai Totole in China, 2013-2015
Chart Market Share of Condiments of Meihua Biological Technology Group in China, 2013-2015
Chart Price Trend of Soybeans in China, 2013-2015
Chart Price Trend of Wheat in China, 2013-2015
Chart Prediction on Number of Condiment Manufacturers in China, 2016-2020
Chart Forecast on Market Size of Condiments in China, 2016-2020

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