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With China's economic development and residents' increasing income, the demand for sporting goods has been rising. China has become a major producer and market of sporting goods in the world.
According to CRI analysis, China has become an important production base of global cultural and recreational products.
In 2016, the revenue of main businesses of food manufacturers above designated size (annual sales revenue over CNY 20 million) amounted to CNY 11,098.62 billion, up by 6.5% YOY. Their profits totaled at CNY 724.77 billion, up by 6.1% YOY.
In 2016, the production volume of beer was 45.064 billion liter, down by 0.1% YOY. The import value of beer was USD 666 million, increasing by 15.8% YOY.
In 2016, the market size of condiment amounted to over CNY 200 billion. The largest sub-industry of condiment is the vinegar and soy sauce industry, with a market size of over CNY 100 billion in 2016.
In 2016, retail value of jewelry in China was over CNY 500 billion, but different varieties of jewelry competed with each other for sales. In 2016, China consumed 900 tons gold, among which 611.17 tons were used to produce jewelry, decreasing by 18.91% YOY.
The fast growth of the dairy industry and the meat processing industry will sustain given China's economic development and population increase.
In 2016, total retail sales of consumer goods in China amounted to CNY 33,231.6 billion, increasing by 10.4% YOY. Urban retail sales was CNY 28,581.4 billion, increasing by 10.4% YOY and rural retail sales was CNY 4,650.3 billion, increasing by 10.9% YOY.
Although department store was affected by other retail formats, especially the e-commerce, the department store industry still maintained a considerable scale and prospect.
According to CRI, China's soft drink manufacturers consist of regional leaders as well as national manufacturers such as Coca-Cola, PepsiCo, Wahaha, Master Kong and Tongyi.
In 2016, the production volume of Chinese spirits was 13,583,600 kiloliters, increasing by 3.23% YOY. By contrast, the production volumes of beer and wine both declined, demonstrating the advantage of Chinese spirits among its liquor competitors.
Soy sauce is the leading product in China's condiment industry with the largest annual output volume, presenting huge potential for growth. In recent years, China's soy sauce output volume has been constantly increasing. It exceeded 10 million tons in 2016 according to CRI market research.
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.
China imports large quantities of infant milk powder each year due to unstable quality control over domestic milk powder and its high prices.
According to CRI, China's per capita consumption of dairy products in 2015 was only about one third of the world average level, and there was still room for growth.
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