Frozen Food Production in China - Industry Market Research Report

The Frozen Food Production industry in China developed rapidly in the past decade. Over the five years through 2023, industry revenue is expected to increase an annualized 7.2% to $27.1 billion, including an 6.5% increase in the current year. This growth is mainly due to higher disposable incomes, higher product prices and changing consumption trends caused by the faster pace of modern life. A wider variety of frozen foods, product quality improvements, high growth of mid- and high-end product segments and the development of new markets has also contributed to this growth. Profit margins reached 6.8% of industry revenue in 2023. Companies in the industry manufacture food that can be transported, stored and sold frozen. Using rice, flour and grains as the main raw ingredients and auxiliary products such as meat and vegetables, operators in this industry manufacture various cooked and uncooked foods. These foods are then immediately frozen and packaged. Frozen seafood and frozen dairy products are excluded from this industry. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.