Imported Food Demand is Growing in China

The Chinese diet is changing dramatically. “New era, new venues, and new products” is the current motto of China’s food and beverage industry. In 2018, the revenue in the food and beverage industry amounts to $18 billion U.S. dollars, which is expected to show an annual growth rate of 16.4 (CAGR 2018-2022). Recent forecasts indicate that by 2018, China will import around 480 million RMB ($79 billion U.S. dollars) per year, commanding the biggest food importer in the world. At present, China is one of the world’s largest imported food markets; with between 50-60…

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