The improvement of people's living standards, the market size of China's food processing industry has maintained a steady growth of more than 7% for many years, of which the grain processing market share accounts for about 0.81%, the beverage processing market share accounts for about 1.05%, and the vegetable oil processing market share accounts for about 0.92%, the following is a summary and analysis of the current situation of the food processing industry.

Overview and current situation of the food processing industry

In recent years, China has gradually attached importance to the development of the food industry in terms of policies, especially in the "Tenth Five-Year" to increase policy support and financial support for the scientific and technological research and development of the food industry, so that the development of China's food industry shows a steady and rapid development trend. Since 2016, the development rate of China's food industry has been significantly higher than the previous stage, with an average annual growth rate of 20.4%.

In 2017, the food manufacturing industry of industrial enterprises above designated size in China achieved the main business income of 2.36 trillion yuan, a year-on-year increase of 8.0%, and a compound growth rate of 10.6%. Food processing industry analysis pointed out that by the end of 2017, there were 8,844 food manufacturing enterprises above designated size in the country.

In 2018, the annual per capita disposable income of urban households in China reached RMB 36,400. The food processing industry overview and current situation points out that the increasing income of our families has increased the purchasing power and living standards of our people, and increased their discretionary expenditures, especially on quality food.

As of the first quarter of 2019, China's food processing completed fixed asset investment of 183.881 billion yuan, a year-on-year increase of 25.5%; There are 35,084 food industry enterprises above designated size in China, and the main business income is 2.28427 billion yuan, a year-on-year increase of 16.5%. It is expected that the growth rate of the added value of the national food industry this year will not be less than 10%.

The food industry refers to the industrial production sector that uses agricultural and sideline products as raw materials to manufacture food through physical processing or yeast fermentation. Its raw materials are mainly primary products produced by the agricultural, forestry, animal husbandry, fishery and by-industry sectors. According to the classification catalogue formulated by China, its general name is food, beverage and tobacco manufacturing, and it is divided into four major industries under it: food manufacturing, including grain processing industry, vegetable oil processing industry, pastry, confectionery manufacturing industry, sugar industry, slaughtering and meat processing.

1. Grain processing industry

China's grain processing industry is in a stage of rapid and stable development, and this stable development will continue forever. The summary and current situation of the food processing industry pointed out that the main reason is that the living standards of urban and rural residents in China are moving from subsistence to moderate prosperity and China's urbanization is accelerating, which will expand the market scale of grain processing enterprises and stimulate the overall level of food processing industry.

2. Beverage processing industry

China's beverage manufacturing industry is growing rapidly, the development momentum is good, the overall scale is very large, the profitability is strong, and the development has been very mature. Personally, I think that China's beverage industry is relatively mature, in the next few years, the beverage industry will be in the stage of enterprise mergers and acquisitions, technological transformation and innovation capacity building, optimization of industrial layout, the rapid development stage of the industry has passed, and now it is in a stage of stable growth.

In summary, Chinese consumers now pay great attention to the quality of food ingredients, thus supporting the development of China's food processing industry, increasing the market demand for safer and healthier food. In addition, Chinese consumers are keen on natural and organic foods and pay attention to the selection of well-known brands. Therefore, this will further promote the development of China's food processing industry, the above is the food processing industry overview and status analysis of all content.