As per the RNCOS report, there was hardly any impact of financial crisis on the Chinese processed food market. Demand for processed food remained on its previous positive growth path even in tough economic conditions. We believe that the processed food industry in China will grow at a CAGR of around 33% during 2010-2013.
The research has also revealed that processed meat is the leading segment of the processed food market. This segment will continue to be the highest growing segment in future with the prospective growth of nearly 16% in the next 3-4 years. Apart from the processed meat, dairy and ready meals are the other two highest growing segments.