China: Food Processing Ingredients
China’s economic growth has slowed in recent years, and this slowing expansion has taken a toll on many industries, including the food processing/manufacturing sector. This sector experienced overall revenue growth of only four percent in 2015 (compared to eight percent in 2014). Despite slowing revenue growth and consolidation, a number of national trends will support the China food processing sector as whole, including the continued rise of disposable incomes, urbanization, and growing consumer demand for safe, convenient, high-quality processed food options. As a result, imported food ingredients are increasingly in demand by domestic processors, including U.S. ingredients.
