Date: January, 2006
Abstract: In line with the country’s continuously increasing disposable income and urbanization, China’s bakery (including instant food) and confectionery industry experienced rapid growth in the period 1998 to 2004, as demonstrated in Figure 1. Bakery grew at 14% CAGR to reach annual sales of USD 8.2 billion in 2004, while confectionery grew at 12% CAGR, reaching sales of USD 1.9 billion. The major consumption market is in urban areas, especially for fresh daily bakery products, chocolate, hi...
Research Type: Industry Note