In order to deeply interpret the development status of the vinegar industry and judge the future trend, Zhiyan Consulting has carefully compiled and launched the "2024-2030 China Vinegar Industry Market Competition Situation and Market Demand Potential Report" (hereinafter referred to as the "Report"). This report is not only a comprehensive and detailed combing of China's vinegar market, but also the crystallization of Zhiyan Consulting's continuous tracking, on-site visits, in-depth research and accurate analysis over the years. It aims to help industry elites and investors grasp the pulse of the market more accurately, gain insight into industry trends, and provide strong support for future decision-making.
The report mainly studies the development of China's vinegar industry, involving vinegar production, consumption, imports, imports, imports, imports, exports, average ex-factory prices, ex-factory scale and other data.
The report analyzes the development of the vinegar industry in an all-round way from the aspects of domestic and foreign economic environment, domestic policies and development trends, and provides corresponding suggestions and decision-making support for industry manufacturers to grasp the industry dynamics and future innovation trends.
Vinegar is a liquid acidic condiment made by microbial fermentation by using various materials containing starch, sugar and edible alcohol alone or in combination, which is mainly used for catering and cooking, and has the functions of sterilization and cleaning. According to the main raw materials of vinegar making, vinegar can be divided into grain vinegar, alcohol vinegar, fruit vinegar, etc.; According to different raw material processing methods, vinegar can be divided into raw vinegar and clinker vinegar; According to different colors, vinegar can be divided into strong vinegar, light vinegar, white vinegar and other types.
As a condiment that can effectively enhance the taste and aroma of dishes during the cooking process, vinegar has become an indispensable part of the daily diet of mainland people, and has developed rapidly in recent years, with the output of vinegar in mainland China reaching 4.77 million tons in 2023 and the factory scale reaching 19.48 billion yuan.
The upstream of the vinegar industry chain mainly includes raw materials such as sorghum, wheat, corn, grain bran, bran and other raw materials, packaging materials and production equipment, and the changes in the purchase price of upstream agricultural and sideline products are mainly affected by changes in international and domestic supply and demand, national policies on agricultural and sideline products, the output of agricultural and sideline products, natural climate and other factors; Packaging is involved in glass production, papermaking and other industries, in addition to the basic supply and demand relationship, but also affected by environmental protection policies. The downstream of the industry mainly includes food processing, catering, and individual and family consumers, of which the food processing sector accounts for about 15.2%, the catering industry accounts for about 47.9%, and the personal and family sector accounts for about 36.9%.
As one of the important condiments in mainland food culture, vinegar has a long history and is widely distributed, and is produced in various places. With the development and growth of large-scale production enterprises in some regions, the market concentration has gradually improved, but the number of production enterprises in the whole industry is still large, the product quality is uneven, there are many regional and workshop-type enterprises, and there are few vinegar manufacturing enterprises above designated size. From the perspective of vinegar production enterprises, the first echelon of the mainland vinegar industry is a single category of vinegar production enterprises represented by Hengshun Vinegar Industry and Zilin Vinegar Industry; The second echelon is a domestic full-category condiment production enterprise represented by Zhongju High-tech, Haitian Flavor and Qianhe Flavor; The third echelon is other small and medium-sized local vinegar production enterprises.
The research team of Zhiyan Consulting conducted an in-depth analysis of the scale, industrial structure, key enterprises, and industrial development trends of China's vinegar industry, and put forward suggestions for the problems existing in the development of the vinegar industry, so as to provide reference for local governments, industrial chain related enterprises, and investment institutions.
Data Description:
1: The core data of this report has been updated to December 2023 (the relevant financial indicators of non-listed companies in the report are affected by corporate credit approval, and there may be a certain lag), and the forecast period of the report is 2024-2030.
2: In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3: The core data of the report is based on the strict data collection, screening, processing, analysis system and independent calculation model of the Zhiyan team to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.
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