Canned Food Production in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
1451Revenue
$33.6bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
220k
Businesses
1,084
Wages
$X.Xbn
Canned Food Production in China industry analysis
The Canned Food Production industry in China has fluctuated over the five years through 2023. Increased working hours and busy lifestyles have led to increased demand for canned and bottled food. However, China's canning market gradually entered the period of industrial structure adjustment restrained market demand in recent years. Domestic demand alone has been decreasing an annualized 2.8% over the five years to 2023, to an estimated $19.5 billion. Industry revenue is expected to increase an annualized 1.0% to reach $33.6 billion in 2023. Revenue growth largely fluctuated in the five-year period and has slowed since 2018. Industry revenue is expected to grow 3.5% in the current year.Canned and bottled food exports are an important contributor to the industry, accounting for an estimated 51.4% of industry revenue in 2023, down from a peak of 94.8% in 2004. Prior to the mid-2000s, the domestic market was somewhat neglected by canned food producers. Although domestic demand has decreased in recent years, there is still significant potential demand for canned foods in China. Domestic consumption of canned food lags far behind the international level compared with the United States, Western Europe and Japan.Increased domestic demand will likely be the main driver of further industry development, with revenue forecast to grow an annualized 3.0% over the next five years. By 2028, revenue is projected to reach $38.9 billion. However, exports will continue to grow strongly, increasing an annualized 6.6% to $23.7 billion.
Trends and Insights
- In the wake of the COVID-19 pandemic, canned food have become a must-have household storage item. Canned goods are shelf-stable, easy to cook, provide nutrition and are recognized for special times.
- Canned vegetables account for the largest proportion of the industry's products. They are also the largest part of the industry's export products, accounting for more than half of total exports.
- Shandong province is one of the largest manufacturing provinces of this industry, where canned vegetables and fruit constituted most of the province's total canned food output.
- Product price is the direct factor of enterprise competition. For small businesses, price is even more important.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $33.6bn in 2024.
Trends and Insights
The depreciation of Chinese yuan makes enterprises competitive
- Most enterprises in the industry have export business, and some enterprises export business accounts for a large proportion. Since 2014, the yuan has been depreciating, which has increased exports and profit margins.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Exports will continue to be the main drivers
- ACMR-IBISWorld forecasts that the Canned Food Production industry in China will continue to grow steadily in five years through 2028.
Biggest companies in the Canned Food Production in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Canned Food Production in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Canned vegetables, Canned fruit and Canned meat and poultry. Canned vegetables is the largest segment of the Canned Food Production in China.
Trends and Insights
Canned vegetables accounted for the largest proportion
- Canned vegetables are made of fresh or well-refrigerated vegetable raw materials, which are processed, pre-boiled and rinsed, sorted into cans, and then added with dilute brine or sugar and salt mixture.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Meat Processing in China
- Frozen Seafood Processing in China
- Frozen Food Production in China
Complementors
- There are no industries to display.
International industries
- Global Fruit & Vegetable Processing
- Canned Fruit & Vegetable Processing in the US
- Dried Fruit & Vegetable Snack Production in the US
- Pre-Made Salsa Production in the US
- Canned Fruit & Vegetable Processing in Canada
Table of Contents
About this industry
Industry definition
Businesses in the Canned Food Production industry in China process raw food materials into canned, bottled and preserved foods. The main production methods include processing, sorting, shaping, cooking, filling, sealing, sterilizing, and cooling (or aseptic packaging). The products within this industry include canned food in rigid containers, like tin or glass, and food in flexible packages.
What's included in this industry?
Canned vegetablesCanned fruitCanned meat and poultryCanned seafoodCanned baby and other canned foodCompanies
Purchase this report to view all major companies in this industry.
Related Terms
MELAMINEORIGINAL EQUIPMENT MANUFACTURER (OEM)DACEPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
In the wake of the COVID-19 pandemic, canned food have become a must-have household storage item. Canned goods are shelf-stable, easy to cook, provide nutrition and are recog...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Canned vegetables account for the largest proportion of the industry's products. They are also the largest part of the industry's export products, accounting for more than ha...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Shandong province is one of the largest manufacturing provinces of this industry, where canned vegetables and fruit constituted most of the province's total canned food output...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Product price is the direct factor of enterprise competition. For small businesses, price is even more important.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Industry products export to many countries. China is a big producer of canning products which are exported to many countries and regions.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Improved industrial systems and techniques used in canned and bottled food production benefit product quality. This helps to increase consumer confidence in canned food.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Raw materials, like fruits and vegetables, are rising in price. This directly affects the price competitive advantage of products, especially for export products.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Canned Food Production industry in China in 2024?
The market size of the Canned Food Production industry in China is $33.6bn in 2024.
How many businesses are there in the Canned Food Production in China industry in 2024?
There are 1,084 businesses in the Canned Food Production industry in China, which has grown at a CAGR of 2.1 % between 2019 and 2024.
Has the Canned Food Production industry in China grown or declined over the past 5 years?
The market size of the Canned Food Production industry in China has been growing at a CAGR of 1.0 % between 2019 and 2024.
What is the forecast growth of the Canned Food Production industry in China over the next 5 years?
Over the next five years, the Canned Food Production industry in China is expected to grow.
What does the Canned Food Production in China include?
Canned vegetables and Canned fruit are part of the Canned Food Production industry.
How competitive is the Canned Food Production industry in China?
The level of competition is moderate and increasing in the Canned Food Production industry in China.
