There is high potential demand for canned food in China
The current canned food consumption level of domestic consumers lags far behind the international level. In China, the per capita consumption for canned food is only 2.2 pounds per year, compared with the United States, Western Europe and Japan at 198 pounds, 110 pounds, and 50.6 pound respectively. During the five years to 2011, the canned food industry in China developed rapidly. Increasing working hours and busy lifestyles contributed to increased demand for canned and bottled food. This is evident in the very large increases in domestic demand in the past five years, with annualized growth of 54%, increasing from just $1.86 billion in 2007 to $11.1 billion in 2011. There is therefore very high potential demand for canned food in China in the future and this will be the main driving force for the development of imported canned food in the next few years.
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