What is snack food and what types are there?
Category: Company News
Time:2023-08-02
snack food (leisure food) is actually a kind of fast moving consumer goods, is in people's leisure, rest when eating food. The most apt explanation is food for fun. The main categories are: dried fruit, puffed food, candy, meat food and so on. With the improvement of living standards, leisure food has always been popular among the people. Walking into the supermarket, you will see potato chips, French fries, shrimp chips, snow cakes, preserved fruits, plums, peanuts, pine nuts, almonds, pistachios, fish slices, dried meat, spiced fried meat and other snack foods. Snack food is gradually upgrading to become the daily essential consumer goods of the people. With the development of economy and the improvement of consumption level, consumers' demand for the quantity and quality of snack food is growing.
In a variety of snack foods, more than half of households have purchased puffed foods, followed by biscuit foods. In addition, chewing gum and dried fruit snack foods are loved by all kinds of families.
With the increasing variety of snack foods, snack foods are gradually becoming a necessity in people's daily lives. With the continuous relaxation of the domestic market, more and more international snack food brands are gradually entering the Chinese market. With the upgrading of consumption, China's snack food market has also shown a trend of development from low-end to high-end, and the whole food system has been gradually improved. From 2007 to 2011, the total output value of leisure food in China increased year by year, from 2005.813 billion yuan in 2007 to 6118.52 billion yuan in 2011, with a large increase.
According to the "2013-2017 China Snack Food Industry Consumer Demand and Market Competition Investment Forecast Analysis Report" [1], in 2011, the number of enterprises in my country's snack food industry increased, the production capacity increased, and the industry's sales profit and total profit were both Compared with the previous year, the overall development situation of the snack food industry is better. According to statistics from the National Bureau of Statistics, in 2011, there were 4347 enterprises above designated size in my country's snack food industry, with sales of 611.405 billion billion yuan, an increase of 34.99 percent year-on-year; product sales profits of 81.453 billion billion yuan, an increase of 41.61 percent year-on-year; total profits of 49.402 billion billion yuan, An increase of 40.32 percent year-on-year; industry assets reached 290.532 billion billion yuan, an increase of 31.73 percent year-on-year.
According to data from my country's customs, in 2011, my country's snack food industry's total import and export volume was 6.581 billion US dollars, an increase of 37.38 percent over the previous year, of which imports were 3.735 billion US dollars, an increase of 45.97 percent over the previous year, and exports were 2.846 billion US dollars., An increase of 27.52 percent over the previous year, achieving a trade deficit of 0.889 billion U.S. dollars, an increase of 171.83 percent over the previous year.
However, affected by the decline in market demand in Europe and the United States and the slowdown in domestic economic growth, in January 2012, my country's snack food industry achieved a 22.24 drop in exports of US $0.225 billion billion from the same period last year.
In January 2012, China's snack food industry imported $0.17 billion billion, down 3.59 percent from a year earlier. Among them, the import value of "retail packaged food for infants and young children" was 60.8969 million US dollars, accounting for 35.74 per cent of the total import value, ranking first among imported snack foods. Public data show that in the past five years, the average annual growth rate of China's imported food market is still as high as 15%. According to the forecast of the American Food Industry Association, China will become the world's largest consumer of imported food by 2018, when the scale of the imported food market in mainland China will reach 480 billion yuan. Foresight believes that with the development of my country's food industry and the continuous expansion of snack food market demand, the market competition in my country's snack food industry will become more intense in the future, and more and more companies will pay attention to brand building. The production of food will become more specialized and standardized, and the mid-to-high-end market will become the focus of industry competition, while the snack food chain operation and e-commerce will become new market growth points.
Keywords: What is snack food and what types are there?
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