GITNUX MARKETDATA REPORT 2024

China Food Industry Statistics

China's food industry has experienced significant growth in recent years, with increasing demand for convenience foods and a shift towards healthier and more sustainable products.

Statistic 1

"The market size of China's seafood industry was estimated at over $120 billion in 2020."

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Statistic 2

"E-commerce sales of food in China are expected to reach $166 billion by 2023."

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Statistic 3

"About 83% of urban Chinese express strong concerns about food safety."

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Statistic 4

"The revenue of China’s online fresh food market grew by 59.7% in 2020, reaching 311.74 billion yuan."

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Statistic 5

"The Chinese dairy market is projected to reach $114 billion by 2024."

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Statistic 6

"China has over 8,000 supermarkets with annual revenues exceeding $1 million."

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Statistic 7

"Imported infant formula sales in China grew by over 35% annually from 2015 to 2019."

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Statistic 8

"China’s snack food market was valued at $97 billion in 2019."

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Statistic 9

"China’s wine market is projected to reach $23 billion by 2023."

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Statistic 10

"The annual growth rate of China's food and beverage industry was 6.4% in 2018."

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Statistic 11

"China's catering industry revenue reached 4.67 trillion yuan ($727 billion) in 2019."

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Statistic 12

"The market size of China’s food industry was approximately $1.3 trillion in 2019."

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Statistic 13

"China is expected to be the largest market for packaged food globally by 2025."

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Statistic 14

"The number of quick-service restaurants in China is expected to reach 1.36 million by 2025."

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Statistic 15

"The compound annual growth rate (CAGR) of China's organic food market was around 15% from 2015 to 2020."

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Statistic 16

"Rabobank projected China's food delivery market value to hit $615 billion by 2020."

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Statistic 17

"China is the world’s largest consumer of pork, consuming about half of the world's supply."

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Statistic 18

"In 2019, China imported $90.5 billion worth of food and agricultural products."

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Statistic 19

"China produced about 19% of the world’s aquaculture supply in 2019."

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Statistic 20

"The average Chinese consumer spent $1,168 on food and beverage in 2019."

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