콘텐츠 바로가기
로그인
컨텐츠

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Economy General
Industry and Technology General

Print

Trends and changes in the Chinese food market : Challenges and opportunities for the food processing industry in Korea

Related Document
Frame of Image  chance to restructure their economic system. As a result, China has experienced unprecedented rapid economic growth, which has turned the Chinese into attractive consumers with latent purchasing power, not just workers with a high quality work force. In 2011, the average per capita income for urban households in China was about RMB 24,000 (equivalent to USD 3,900), which is a 16fold increase from 1990 (China National Bureau of Statistics, 2012). In line with the income level hike, the average per capita consumption expenditure also evolved at similar rates. Subsequent income growth has fundamentally affected Chinese consumers’ behaviors and their
consumption patterns. That is, they seem to pursue not just larger quantities but better quality products. These recent fundamental changes are observed extensively in most consumer goods markets of China, acting as a spur amplifying the scale and value of China’s consumer market. In this study, we analyze the Chinese food market, the most remarkable consumer market experiencing structural change, and seek out business opportunities and challenges for the Korean food processing industry where they try to find the next growth engine going beyond the stagnation in industries’ growth. For this purpose, we first review the supply and demand sector of the Chinese food market by examining the statistics for the food processing industry sector and household food consumption. Next, we measure the change in food consumption patterns, particu


Full Text
Title Trends and changes in the Chinese food market
Similar Titles
Sub Title

Challenges and opportunities for the food processing industry in Korea

Material Type Reports
Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2014-06
Series Title; No KIET Industrial Economic Review / vol. 19(no. 3)
Pages 11
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Industry and Technology < General
Holding KIET; KDI School