The snack food consumption are expected to grow at a high rate
2005-2010, the snack food industry of China presented a CAGR of 16.9% for sales, with the revenue in 2010 hitting RMB503.57 billion. As the residentsí» demand increases, the earnings from Chinese snack food industry between 2011 and 2013 is expected to grow at a rate of around 17%.
China snack food industry involves seven sub-sectors. By operating revenue, biscuit and other baked food sector ranks the highest, with the revenue in 2010 soaring 44.6% year-on-year to RMB80.7 billion; while the roasted seeds and nuts sector makes revenue RMB37.3 billion, less than other sectors, but it is expected to see substantial prospect. In the future, the robust demand for roasted seeds and nuts products in small- and medium-sized cities and villages will be new growth engine and it will grow at a rate of roughly 16% during 2011-2013. Compared to the stable development of biscuit and roasted seeds & nuts industries, candy & chocolate industry has seen unrest in development, presenting dramatic change in market pattern.
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