$154.6bn
$XX.Xbn
655k
5,435
$X.Xbn
Revenue for the Vegetable, Fruit and Nut Processing industry in China is expected to grow an annualized 6.0% over the five years through 2023, to total $154.6 billion. This trend includes expected growth of 5.7% in 2023. Increasing health consciousness among consumers, and frequently revised product quality requirements have driven industry development. The number of enterprises is expected to grow an annualized 5.0% over the five years through 2023. Most industry companies are small and operate at a regional level, which is reflected in the industry's low concentration.Consumers have higher requirements for product quality and taste thanks to higher living standards and incomes. Imports are also forecast to rise in the future due to more stringent product quality requirements. Imports are expected to grow at a faster rate than industry revenue over the five years through 2023, and exports are expected to grow at an annualized 4.0% over the five years through 2023. As domestic companies continue to improve their product quality, exports are projected to increase.China's Vegetable, Fruit and Nut Processing industry is projected to continue growing strongly in the future. The rapid pace of Chinese cities' urbanization, rising health consciousness and increasing disposable income are forecast to boost demand for vegetables, fruits and nuts. Industry revenue is projected to grow an annualized 5.3% over the five years through 2028, to total $199.9 billion.
Industry revenue has grown at a CAGR of 6.0 % over the past five years, to reach an estimated $154.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
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There are no companies that hold a large enough market share in the Vegetable, Fruit and Nut Processing in China industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Pre-packed minimally processed vegetables , Dehydrated vegetables and Pickled vegetables. Pre-packed minimally processed vegetables is the largest segment of the Vegetable, Fruit and Nut Processing in China.
Pre-packaged minimally processed vegetables are the most popular product
The Vegetable, Fruit and Nut Processing industry in China processes vegetables, fruits and nuts by dehydrating, drying, refrigerating, pickling or other methods. The manufacture of potato chips, juice, preserved fruits and canned fruits & vegetables are excluded from this industry.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Changing consumer preferences are affecting the industry. Mid- to high-end product demand is constantly increasing alongside higher per capita capital income, including for h...
Learn about an industry's products and services, markets and trends in international trade.
Minimally processed vegetables are the most popular segment. Demand for relatively unprocessed vegetables among middle- and high- income consumers are rapidly increasing.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Shandong province benefits from abundant agricultural resources. It has abundant agricultural resources, especially in Weifang, Zhucheng, Jiaozhou, and Heze.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price is the main competitive factor. In low-end markets and low-income areas, consumers are more willing to choose lower-priced products.
Learn about the performance of the top companies in the industry.
The industry’s market share is relatively dispersed. Most companies in the industry have a market share of less than 1%.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The majority of regulations are related to food safety. These regulate production conditions, product quality and hygiene indicators, and promoted standardized industry devel...
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The industry's profit margin remains relatively low. Despite decreasing raw material prices, continuously increasing wage levels still keep the industry's profitability low.
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Vegetable, Fruit and Nut Processing industry in China is $154.6bn in 2024.
There are 5,435 businesses in the Vegetable, Fruit and Nut Processing industry in China, which has grown at a CAGR of 5.0 % between 2019 and 2024.
The market size of the Vegetable, Fruit and Nut Processing industry in China has been growing at a CAGR of 6.0 % between 2019 and 2024.
Over the next five years, the Vegetable, Fruit and Nut Processing industry in China is expected to grow.
Pre-packed minimally processed vegetables and Dehydrated vegetables are part of the Vegetable, Fruit and Nut Processing industry.
The level of competition is moderate and increasing in the Vegetable, Fruit and Nut Processing industry in China.