Current Status and Investment Potential of China's Food Vinegar Industry
Publish Time:
2023-03-28
Based on the production and apparent consumption of vinegar in China, the supply and demand remain balanced. According to statistics, in 2019, China's vinegar production was 4.45 million tons, and the apparent consumption was 4.44 million tons. In 2020, due to the epidemic, production slightly decreased to approximately 3.73 million tons. Source: China Condiment Association, Huajing Industry Research Institute According to statistics from the China Condiment Association, in 2020, there were 37 vinegar companies among the top 100 famous brand enterprises in China's condiment industry. The total production of vinegar was 1.6 million tons, accounting for approximately 30% of the overall production. Compared with the production in 2019, it decreased by 7% year-on-year due to the epidemic. From 2016 to 2019, the sales revenue of the vinegar industry among the top 100 condiment enterprises in China showed a year-on-year upward trend, reaching 6.5 billion yuan in 2019, accounting for 7% of the total sales revenue of the condiment industry. In 2020, affected by the epidemic, vinegar production decreased, and it is estimated that the sales revenue of the vinegar industry in 2020 was 5.6 billion yuan.
Based on the production and apparent consumption of vinegar in China, the supply and demand remain balanced. According to statistics, in 2019, China's vinegar production was 4.45 million tons, and the apparent consumption was 4.44 million tons. In 2020, due to the epidemic, production slightly decreased to approximately 3.73 million tons.
Data Source: China Condiment Association, Huajing Industry Research Institute
According to statistics from the China Condiment Association, in 2020, there were 37 vinegar companies among the top 100 famous brand enterprises in China's condiment industry. The total vinegar production was 1.6 million tons, accounting for approximately 30% of the overall production. Compared to 2019, production decreased by 7% due to the epidemic. From 2016 to 2019, the sales revenue of the vinegar industry among the top 100 condiment enterprises showed a year-on-year increase, reaching 6.5 billion yuan in 2019, accounting for 7% of the total sales revenue of the condiment industry. In 2020, affected by the epidemic, vinegar production decreased, and it is estimated that the sales revenue of the vinegar industry in 2020 was 5.6 billion yuan.
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