The market is dominated by domestic suppliers, as imports account for 2.3% of total market size in 2023. Households drive market demand, with household spending representing 89.3% of total demand in 2023. China has the largest market size for bakery products regionally, with demand reaching USD50.4 billion in 2023. Want Want China Holdings Ltd is the largest company in China, generating 2.8% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 7.5% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 0.2% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 11.6% of production value in 2023, the 15th highest regionally. The industry’s exports share decreases in 2023 to 1.2% of total production output. With production value of USD39.3 billion, China accounts for 36.2% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Bakery Products in China: ISIC 1541. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Bakery Products in China: ISIC 1541 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of food, beverages, and tobacco products.
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