Dallas, TX (PRWEB) June 08, 2014
In China, monosodium glutamate industry is highly homogeneous. Manufacturers are faced with pollution treatment with various requirements for environment protection from local governments. Moreover, Chinese consumers gradually transfer from monosodium glutamate to chicken essence and chicken powder as health concern increases. Therefore, Chinese monosodium glutamate industry is faced with severe problems. The chicken essence industry is mostly seized by leading enterprises in China. Totole is very popular in East China and North China while Knorr seizes the market in South China. Enterprises in the industry have huge potential for growth due to the large market space for chicken essence products.
The market of paste and sauce products grows rapidly with uneven development in China. Most fastest-growing enterprises are located in South China and East China. Sauce products with large sales volumes are chili sauce, meat paste, tomato paste and bean paste.
Downstream of condiment industry includes catering industry, household consumption and food processing industry. As market competition becomes intense, some foreign-funded enterprises develop food solutions (professional solutions in catering industry) to update the marketing mode. Unlike the sales of traditional condiments, enterprises send out professional consultants to design menus and develop cuisines for restaurants. They instruct chefs in standardized condiments and skills to improve the efficiency. The sales of the products increase as the enterprises maintain close relations with the chefs and restaurants.
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Condiments in the report include monosodium glutamate, essence of chicken, soy sauce, vinegar, tomato paste and compound condiments.
The market size of condiments exceeded CNY 200 billion in China in 2013. The annual growth rate remains above 15% in recent years.
Soy sauce is the most important condiment in China with the production volume of 7.58 million tons in 2013. There are hundreds of soy sauce manufacturers in China. Chinese soy sauce industry is in the phase of bipolar differentiation. Major enterprises, such as Haitian and Lee Kum Kee, occupy most of domestic market shares while other enterprises become regional brands or merge with large enterprises.
The production volume of vinegar products exhibits upward trend in China. After years of rapid development, fruit vinegar and healthy vinegar occupy certain market shares in China.
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Reasons that foreign-funded enterprises focus on food solutions in China are as follows:
The demand for condiments keeps increasing as economy develops in China. Meanwhile, the product structure is constantly upgraded. The market concentration rate will exhibit upward trend as condiment industry integrates in China in the coming years. Enterprises will enjoy advantages in market competition with effective food solutions.
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Few Points from Table of Contents
9 Major Condiment Enterprises in China, 2011-2014
9.1 Jiangsu Hengshun Vinegar Industry Co., Ltd.
9.1.1 Enterprise Profile
9.1.2 Operation Status
9.1.3 Development Strategy
(The structures of 9.2-9.8 are similar to that of 9.1)
9.2 Foshan Haitian Flavoring and Food Co., Ltd.
9.3 Shanghai Totole Seasoning Co., Ltd.
9.4 Henan Lotus Monosodium Glutamate Co., Ltd.
9.5 Shanghai McCormick Foods Co., Ltd.
9.6 Shijiazhuang Zhenji Brew Group Co., Ltd.
9.7 Lee Kum Kee International Holdings Ltd.
9.8 Shanghai Amoy Foods Group
List of Charts
Chart Market Size of Condiments in China, 2009-2013
Chart Production Volume of Soy Sauce by Region in China, 2013
Chart Production Volume of Soy Sauce in China, 2009-2013
Chart Production Volume of Instant Noodles in China, 2009-2013
Chart Import Volume of Soybean in China, 2009-2013
Chart Consumption of Soybean in Condiment Industry in China, 2009-2013
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