Frbiz Analyzes Food & Beverage Industry Trends
BEIJING, March 29 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, analyzes food and beverage industry trends.
One of the results from the financial crisis' impact on the global economy this year as been the expansion of domestic demand in China, and the food and beverage industry maintained a good momentum of development. With the country's macroeconomic situation improving and the expansion of consumption, the food and beverage industry will continue to maintain both production and sales momentum going forward.
Frbiz analyzes that from Jan. - Oct., the national total retail sales of social consumer goods reached 10 trillion yuan, which was up 15.3% year-on- year, with an actual growth rate of 17.2%; Frbiz forecasts that the annual growth will rise to 15.6%, up 12 trillion yuan.
Given these performance numbers in the first three quarters the food and beverage industry is in good shape. Through the first 9 months of 2009, the agro-food processing industry saw a growth rate of 16.6%; the food industry growth rate was 12.1% and beverage manufacturers grew by 12.9%. Even sub-sector output, such as the wine and soft drink industries, maintained high growth rates.
Meanwhile, Frbiz analyzes that the industry will continue to boom, while individual food and beverage companies' performances will also continue upward. Frbiz says that through the first three quarters of 2009 the performance of food and beverage industry displays that the financial crisis has had little effect on the food and beverage industry and that domestic market demand has also not been affected. With the expansion of the rural consumer market, as well as increased festival season spending, the outlook for the industry this year is very good. The upcoming May Day Festival is bound to stimulate the food and beverage (http://www.frbiz.com/catalog-13000000-1/Food_Beverage.html ) industry's recent performance even more.
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