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Chinese Processed Food Market Analysis: The processed food industry in China will grow

The food processing industry is counted among the fastest growing industries in China. The industry has been growing at a double digit rate on account of rapid economic growth and rising disposable income that has created strong demand for high quality processed food. Changing food consumption pattern and growing appetite for variety of new taste make this industry lucrative for new as well as existing players.
9 September 2010
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The food processing industry is counted among the fastest growing industries in China. The industry has been growing at a double digit rate on account of rapid economic growth and rising disposable income that has created strong demand for high quality processed food. Changing food consumption pattern and growing appetite for variety of new taste make this industry lucrative for new as well as existing players.

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.

http://www.rncos.com/Market-Analysis-Reports/Chinese-Processed-Food-Market-Analysis-IM268.htm

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