DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c59b2d/chinas_condiment) has announced the addition of the "China's Condiment Industry Report, 2010-2011" report to their offering.
From 2001 to 2010, the sales of Chinese condiment industry rose from RMB27.7 billion to RMB151.7 billion, with a CAGR of 20.8%. Currently, the fierce competition urges condiment companies to expand their market shares through the strategies of brand and channel construction and capacity expansion; meanwhile, they also actively launch segmented products. The favorable development of condiment industry in China has attracted the investments from a great number of foreign companies.
HADAY, JIAJIA and LEE KUM KEE are the leading companies in the soy sauce market. HADAY plans its listing and financing for 1.5-million-ton soy sauce project in 2011, while JIAJIA also has the same plan for its 200-thousand-ton high-quality soy sauce project.
In the vinegar market, Jiangsu Hengshun Vinegar Ind Co., Ltd, the representative producer of Zhenjiang Chinkiang Vinegar, continuously enhances its brand construction. In H1 2011, its advertising costs increased by 102.8% YoY. Besides, sales volume of Shanxi mature vinegar reached 654 thousand tons in 2010, up 32.3% YoY. Shanxi Shuita Vinegar Co., Ltd is a leading enterprise in Shanxi mature vinegar industry.
As the largest market segment of condiment industry, the sales of monosodium glutamate accounted for 27.2% of the entire condiment industry in 2010. The top three giants, Meihua, Fufeng and Lotus, take up 50% market shares in domestic China.
The key topics covered by "China's Condiment Industry Report, 2010-2011" include:
- Classification and Conception of Condiment Industry
- Overview of China's Condiment Industry
- China's Soy Sauce Market
- China's Vinegar Market
- China's Monosodium Glutamate Market
- China's Chicken Essence Market
Companies Mentioned:
- Foshan Haday Flavoring & Food Co., Ltd
- Jiajia Group
- LEE KUM KEE
- Guangdong Meiweixian Flavoring Foods Co.;Ltd
- Jiangsu Hengshun Vinegar Industry Co., Ltd
- Shanxi Shuita Vinegar Co., Ltd
- Sichuan Baoning Vinegar Co., Ltd
- Henan Lotus Gourmet Powder Inc.
- Starlake Bioscience Co., Inc.
- Fufeng Group
- Hebei Meihua Monosodium Glutamate Group Co., Lt
- Sichuan Haoji Food CO., LTD
- Shanghai Totole Flavouring Food Co.,Ltd
- Guangdong Jialong Food Co., Ltd.
- Unilever
- Chenguang Biotech Group
- Chongqing Fuling Zhacai Group Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/c59b2d/chinas_condiment