Overview of Gourmet Powder Industry in China, 2017-2021

Overview of Gourmet Powder Industry in China, 2017-2021


  • Products Id :- CRI1701433
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  • Pages: 30
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Executive Summary

Gourmet powder is a kind of condiment and mainly made of glutamic acid. It is mainly used to enhance the flavor of food and is widely used in soup and sauces in East Asian cuisine.

Gourmet powder is produced by fermented method. This industry is a kind of processing industry using starch and molasses as major raw materials.

With the stable development of Chinese economy, people's living conditions are improving. Individual consumers eat out and purchase processed food more frequently. The rapid development of catering and food processing industry stimulates the consumption of industrial and catering gourmet powder. Meanwhile, as consumers pay more attention to flavors of food products, the consumption of household gourmet powder increases.

In recent years, substitution effect of condiments rises following the intensifying trend of consumption upgrading, leading to decreased demand for gourmet powder in catering industry and households. Meanwhile, condiments, such as soy sauce and chicken essence, increase rapidly, leading to a rising demand for gourmet powder in food processing industry. Overall, the demand for gourmet powder keeps stable. According to CRI market research, from 2011 to 2016, the annual demand remained over 2 million tons in China's gourmet powder industry.

Gourmet powder industry has undergone three rounds of restructurings. Entry barriers get higher due to government policies. Its annual growth rate remains stable, leading to fierce industrial competition and a oligopoly structure. CRI market research shows that Fufeng Group, Meihua Biological Technology Group Co., Ltd., Ningxia EPPEN Biotech Co., Ltd., Lotus Health Industry Holding Group Company and Shandong Shenghua Group took up more than 80% of the total annual output volume of gourmet powder in China in 2016.

China is the largest producer of gourmet powder in the world. Most condiments contain gourmet powder. With the increasing export of Chinese condiment and fermentation products, the demand for gourmet powder will also increase. Notice on Adjusting the Export Tax Refund Rates of Certain Products was issued by China's Ministry of Finance in 2014, which regulated to increase export rebates of some high added-value products, processed products of corns, textiles and garments. The export rebate of gourmet powder increased from 0 to 13%, which was implemented on January 1, 2015 and promoted the import of gourmet powder in China.

Corns and coals occupy the largest portion of the total cost in gourmet powder manufacturing in China. Generally speaking, the price of corns is steady while that of coals fluctuates much due to factors of economic cycles and market speculation. In addition, gourmet powder manufacturing industry faces increasing costs of environment protection and labor. Generally speaking, the production costs and price of gourmet powder both present an upward trend in China.

The downstream industries of gourmet powder are concentrated in food processing industry, catering industry and household consumption. The proportions are respectively around 5:3:2. In recent years, because of the rising resident income, the consumption upgrading and also the nationwide saga about gourmet powder harmful to human health, the demand from catering industry and households for gourmet powder decreases, while the demand for soy sauce and chicken essence increases. In fact, gourmet powder is also one of the main raw materials of soy sauce and other condiments. The development of other condiment industries and snack food industry in China increase the market demand for gourmet powder, enhancing the stable growth of gourmet powder industry.

Readers Can Obtain the Following Information or More Through This Report:

Development Environment of Gourmet Powder in China

Production and Demand Status of Gourmet Powder in China

Competition in Gourmet Powder Market in China

Import and Export Status of Gourmet Powder in China

Top 5 Gourmet Powder Manufacturers in China

Major Driving Forces and Market Opportunities in Gourmet Powder Industry in China, 2017-2021

Threats and Challenges in Gourmet Powder Industry in China, 2017-2021

Forecast on Supply and Demand of Gourmet Powder in China, 2017-2021



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Table of Contents

1 Relevant Concepts of Gourmet Powder Manufacturing Industry

1.1 Definition and Classification of Gourmet Powder

1.1.1 Definition of Gourmet Powder

1.1.2 Classification of Gourmet Powder

1.1.2 Manufacturing Techniques of Gourmet Powder

1.2 Parameters and Assumptions

1.2.1 Assumption Basis

1.2.2 Data Sources

2 Analysis on Gourmet Powder Industry in China, 2017-2020

2.1 Development Environment of Gourmet Powder in China

2.1.1 Economic Environment

2.1.2 Policy Environment

2.1.3 Social Environment

2.2 Analysis on Gourmet Powder Supply in China, 2011-2015

2.3 Analysis on Demand for Gourmet Powder in China

2.3.1 Major Consumer Group of Gourmet Powder in China

2.3.2 Market Size of Gourmet Powder, 2011-2015

2.4 Analysis on Import and Export of Gourmet Powder in China, 2014-2016

2.4.1 Export Overview

2.4.2 Import Overview

3 Competition Status of Gourmet Powder Manufacturing Industry in China, 2013-2016

3.1 Barriers to Entry in Gourmet Powder Industry in China

3.1.1 Policy Barrier

3.1.2 Capital Barrier

3.1.3 Brand Barrier

3.2 Competition Structure of Gourmet Powder Manufacturing Industry in China

3.2.1 Bargaining Ability of Raw Material Suppliers of Gourmet Powder

3.2.2 Bargaining Ability of Gourmet Powder Consumers

3.2.3 Internal Competition of Gourmet Powder Industry

3.2.4 Potential Entrants of Gourmet Powder Industry

3.2.5 Substitutes for Gourmet Powder

4 Analysis on Top 5 Gourmet Powder Manufacturers in China, 2014-2016

4.1 Fufeng Group Co., Ltd.

4.1.1 Enterprise Profile of Fufeng Group

4.1.2 Sales Revenue and Market Share of Fufeng Group

4.2 Meihua Biological Technology Group Co., Ltd.

4.2.1 Enterprise Profile of Meihua Biological Technology Group Co., Ltd.

4.2.2 Sales Revenue and Market Share of Meihua Biological Technology Group Co., Ltd.

4.3 Ningxia EPPEN Biotech Co., Ltd.

4.3.1 Enterprise Profile of Ningxia EPPEN Biotech Co., Ltd.

4.3.2 Sales Revenue and Market Share of Ningxia EPPEN Biotech Co., Ltd.

4.4 Lotus Health Industry Holding Group Company

4.5 Shandong Shenghua Group Co., Ltd.

5 Analysis on Raw Material Costs and Retail Prices in Gourmet Powder Manufacturing Industry in China, 2013-2016

5.1 Analysis on Manufacturing Costs of Gourmet Powder in China, 2013-2016

5.2 Analysis on Gourmet Powder Prices in China, 2013-2016

6 Forecast on Development of Gourmet Powder Industry in China, 2017-2021

6.1 Factors Influencing Development of Gourmet Powder Industry in China

6.1.1 Major Driving Forces and Market Opportunities in Gourmet Powder Industry in China

6.1.2 Threats and Challenges in Gourmet Powder Industry in China

6.2 Forecast on Supply of Gourmet Powder Industry in China, 2017-2021

6.2.1 Forecast on Output Volume of Gourmet Powder in China, 2017-2021

6.2.2 Prediction on Product Structure

6.3 Forecast on Demand for Gourmet Powder in China, 2017-2021

Selected Charts

Chart GDP and National Disposable Income Per Capita in China, 2011-2020

Chart Total Retail Sales of Consumer Goods in China, 2011-2016

Chart Disposable Income and Consumption Expenditure Per Capita in China

Chart Revenue and Growth Rate of Catering Industry in China, 2011-2016

Chart Manufactured Goods and Growth Rate of Agriculture and Agri-food Processing Industry in China

Chart Output Volume of Gourmet Powder in China, 2011-2016

Chart Sales Revenue of Gourmet Powder Manufacturing Industry in China, 2011-2016

Chart Major Export Destinations for Gourmet Powder in China, 2016

Chart Export Status of Gourmet Powder Industry in China, 2014-2016

Chart Top 5 Gourmet Powder Manufacturers and Their Market Shares in China, 2016

Chart Sales Revenue of Gourmet Powder of Fufeng Group, 2011-2016

Chart Market Share of Gourmet Powder of Fufeng Group in China, 2013-2016

Chart Sales Revenue of Gourmet Powder and Glutamic Acid of Meihua Biological Technology Group Co., Ltd., 2013-2016

Chart Output Volume of Gourmet Powder of Meihua Biological Technology Group Co., Ltd., 2013-2016

Chart Sales Revenue of Gourmet Powder of Ningxia EPPEN Biotech Co., Ltd., 2013-2016

Chart Output Volume of Gourmet Powder of Ningxia EPPEN Biotech Co., Ltd., 2013-2016

Chart Sales Revenue of Gourmet Powder of Lotus Health Industry Holding Group Company, 2013-2016

Chart Output Volume and Market Share of Gourmet Powder of Lotus Health Industry Holding Group Company, 2013-2016

Chart Price Trend of Coal in China, 2013-2016

Chart Price Trend of Corn in China, 2013-2016

Chart Production and Export Status of Condiment and Fermented Products, 2011-2015

Chart Forecast on Production Volume of Gourmet Powder in China, 2017-2021

Chart Forecast on Market Size of Gourmet Powder in China, 2017-2021

 

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