DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/d4mmmn/china_condiment) has announced the addition of the "China Condiment Industry Report, 2013-2015" report to their offering.
Being optimistic about the prospect of Chinese condiment market, Danone, Nestlé, Unilever, Hormel Foods, McCormick and other foreign companies through mergers and acquisitions, direct investment or joint ventures have in succession entered the Chinese condiment market. On January 4, 2013 Hormel Foods acquired Unilever's Skippy? Brand Peanut Butter (including the facilities in Little Rock, Arkansas, USA and Weifang, China) with US$700 million; on May 31, 2013 McCormick (Wuhan) Food Co., Ltd., a wholly-owned subsidiary of McCormick completed the asset acquisition of Wuhan Yatai Seasoning Food Co., Ltd. with US$147 million to get the latter's chicken essence brands "DaQiao" and "ChuShiLe", making strong entry into Central China.
In 2008-2012 Chinese condiment industry revenue grew at a CAGR of 17%, of which, soy sauce and vinegar sector as the main driving force grew at a CAGR of 23%.
Benefiting from the household consumption upgrade as well as the rapid development of catering industry and food production, the Chinese condiment industry prior to 2015 is expected to maintain a growth rate of above 20%. In 2013 Chinese condiment (including only soy sauce, vinegar and the like, MSG) industry revenue climbed 21.8% YoY to RMB131.19 billion.
Key Topics Covered
1. Definition and Classification
2. China Condiment Market
2.1 Development Status
2.2 Industry Segments
2.3 Competition Pattern
2.4 Trends
3. China Soy Sauce Market
4. China Vinegar Market
5. China MSG Market
6. China Chicken Essence Market
7. Other Condiment Companies
8. Summary and Forecast
8.1 Summary
8.2 Forecast
Companies Mentioned
- Chenguang Biotech Group
- Chongqing Fuling Zhacai Group
- Development Status
- Foshan Haitian Flavouring & Food
- Fufeng Group Ltd.
- Guangdong Jialong Food
- Guangdong Meiweixian Flavoring Foods
- Henan Lotus Flower Gourmet Powder
- Jiajia Food Group
- Jiangsu Hengshun Vinegar Industry
- Lee Kum Kee
- Meihua Holdings Group
- Shanxi Shuita Vinegar
- Totole
For more information visit http://www.researchandmarkets.com/research/d4mmmn/china_condiment
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