Xinhuanet, BY-HEALTH, and Jing Dong Health jointly released the “Nutrition Consumption Trend Report for Generation Z”. The report shows that young people are gradually becoming the main consumers of nutrition consumption, accounting for 83.7% of the population who spend an average of more than RMB 1,000 yuan (USD $149) a year on nutritional products. Moreover, … Read more
According to the report, the China consumption expectation index rebounded in 2022, in which the consumption ability and consumption environment sub-indicators improved significantly compared with the previous two years. In 2023, it is expected that residents’ income will grow steadily, and the consumption environment will continue to be optimized. In the aspect of basic living … Read more
Health and nutritional supplement providers are embracing China’s great market potential, with multinational companies taking to the stage at the 5th China International Import Expo to draw attention to new health and wellness trends. French food and beverage giant Danone said it has accelerated the introduction of early life nutritional supplements and many of its … Read more
On May 18, the “518 Chinese Nutrition Festival” was officially launched under the sponsorship of xinhuanet, BY-HEALTH, and the Chinese Nutrition Society. The first “518 China Nutrition Festival” responded to the call of the “Healthy China 2030” blueprint, with the theme of “Scientific Nutrition, Nutritious China”, and proposed the concept of “advocating food diversification and … Read more
On February 28, the National Bureau of Statistics released the “Statistical Bulletin on National Economic and Social Development in 2021”, which shows that, in 2021, Chinese GDP per capita exceeded RMB 80,000 yuan, reaching USD 12,551 at the annual average exchange rate, and exceeding the world’s GDP per capita level. In the composition of consumer … Read more
Shanghai has pledged further support toward becoming a consumption hub, while more multinationals are hoping to elevate the city’s position with innovative offerings. Vice Mayor Zong Ming told the Hongqiao International Economic Forum that Shanghai is on the right track to become a consumption hub, as the city pledged further support for various kinds of … Read more
According to the statistics of Shuzhengkangxun, among 54 companies related to nutrition and health, there are six companies with the market value over RMB 100 billion yuan (USD $15.4 billion), four companies with the market value of RMB 50-100 billion yuan (USD $7.7-15.4 billion), and 22 companies with the market value of RMB 10-50 billion … Read more
The Chinese new generation, especially the post-95s, has become the driving force of the consumer market. When the 618 shopping festival came to an end, the new e-commerce platform Pinduoduo released the “New Youth Consumption Trends in the First Half of 2021”. The data shows that based on the young generation’s fast-paced and efficient working … Read more
In recent years, the domestic consumption demand for pet nutrition products continues to rise. Therefore, Chongai Biotech built a pet nutrition food factory that covers an area of more than 5,000 square meters, with the only domestic 100,000-class GMP production workshop and 10,000-class clean laboratory. The factory has a daily production capacity of 100,000 sticks … Read more
On March 17, Innova Market Insights released the top 10 food and beverage trends in China in 2023, hoping to provide new ideas for new product development and brand strategy in 2023. 1. Redefining Value: nowadays, Chinese consumers have their own considerations when making purchases, and they will pay more attention to scientific formulas, cost-efficiency, … Read more
