Industry Analysis & Industry Trends
The Frozen Food Production industry in China developed rapidly in the past decade. In the five years through 2011, industry revenue is expected to increase at an annualized 26.9%. The strong growth is mainly due to higher disposable incomes, higher product prices, changing consumption trends caused by the faster pace of modern life, a wider variety of frozen foods, product quality improvements, high growth in mid-range and high-end product segments and the development of new markets.
The global financial crisis negatively affected China's economy and had a moderate impact on this industry. Weaker international demand saw exports from this industry decrease 20.2% in 2008 and 1.8% in 2009. Domestic demand increased just 23.6% in 2009, lower than the growth of 41.8%... purchase to read more
Industry Report - Industry Products Chapter
The main products manufactured within the Frozen Food Production industry include frozen dumplings, frozen glutinous sweet dumplings and frozen glutinous rice dumplings.
In 2011, frozen dumplings were the largest product segment, accounting for an estimated 47% of total industry revenue. There is a wide variety of frozen dumplings, with the number increasing steadily in recent years. Cabbage and meat frozen dumplings are the main categories in this segment. In addition, with the development of new markets in Chinese counties and towns, frozen dumpling revenue is expected to continue to increase in the future, with the variety also continuing to increase... purchase to read more