LONDON--(BUSINESS WIRE)--With over 1.3 billion population to feed, China has surpassed the US to become the world’s largest food and beverage market since 2011. As China’s food and beverage industry continues to boom, some concerns have also been raised. Details about the latest overview of China’s food and beverage industry, and concerns about China’s soaring meat consumption are some of this week’s top stories on BizVibe. BizVibe is the world’s smartest B2B marketplace and allows users to discover high quality leads, contact prospects, and source quotes in real time.
China’s Food and Beverage Market Continues to Grow
As the world’s largest food and beverage market, China’s real growth of food-manufacturing value-added moderated in 2015 to 8.5% year on year, and remained steady in 2016, with value-added rising by 8.6% in the first ten months of the year. While China’s beverage manufacturing increased by 9.5% year-on-year as of October 2016.
The future of China’s food and beverage market is expected to keep growing, while it remains the world’s largest consumer. The industry is driven by factors such as the rapid rise of the middle class population and average household incomes, improvements in infrastructure for food and beverage distribution, and the increasing sales of E-commerce for food and beverage.
Connect with over 4,000 food and beverage companies in China listed on BizVibe.
China’s Meat Consumption Continues to Rise, While Government Tries to Cut It Down
China is one of the largest meat consumers in the world. China currently consumes nearly 30% of the world’s meat, including half of the world’s pork. In 2016, meat consumption per capita in China totalled over 50kg, compared to only 13 kg/capita three decades ago. However, Chinese government has introduced new initiatives to cut its citizens’ meat consumption by half with aims of tackling greenhouse gas and population health issues.
According to the environmental organization WildAid, China’s high meat consumption would add an extra 233 million tonnes of greenhouse gases every year, and put increased strain on the country’s water supply, as well as degrade country’s arable land and increase the country’s health issues with obesity and diabetes.
Connect with over 800 meat and poultry companies in China listed on BizVibe
In addition to food and beverage companies, BizVibe is home to a total of 7 million companies across a variety of industries. The BizVibe platform allows you to discover the highest quality leads and make meaningful connections with your companies of interest in real time. Claim your company profile for free and let BizVibe connect you with potential business partners. For mobile, don’t forget to connect on-the-go via BizVibe’s mobile app.
The single-minded focus of BizVibe’s platform is to make networking easier. Over the years, we've searched far and wide to figure out how businesses connect and enable trade. That first interaction is usually fraught with the uncertainty of finding a potential partner vs. a potential nightmare. With this in mind, we designed an online b2b platform with a robust set of tools to help companies generate leads, shortlist prospects, network with businesses from around the world and trade seamlessly.
BizVibe is headquartered in Toronto, and has offices in London, Bangalore and Beijing. For more information on the BizVibe network, please contact us.