The "2024-2030 China Functional Food Industry Market Operation Pattern and Strategic Consulting Research Report" (hereinafter referred to as the "Report") compiled by Zhiyan Consulting is a professional market research report in the field of functional food in China, and is a faithful recorder and witness of the development of the functional food industry. It aims to provide a comprehensive reference for Chinese functional food industry manufacturers, government agencies and industry experts to understand and grasp the development of China's functional food.
The report has been published annually since 2017 and has been published for eight consecutive years. The "Report" has a total of 13 chapters, from the aspects of industry overview, development environment, market supply and demand, industrial chain analysis, import and export analysis, regional market, leading enterprises, investment prospects, development trends, etc., through detailed data, comprehensively summarizes and reviews the new trends and highlights of the functional food industry in 2023, and at the same time conducts in-depth thinking on existing problems. A series of useful suggestions and future prospects are put forward for the high-quality development of the functional food industry in the next step.
Functional food refers to food with specific nutritional and health care functions, that is, food that is suitable for specific groups of people to eat, has the ability to regulate body functions, and is not for the purpose of treatment. The scope of "functional foods" includes: foods that enhance the body's constitution (enhance immunity, activate the lymphatic system, etc.); Foods to prevent diseases (hypertension, diabetes, coronary heart disease, constipation, tumors, etc.); Foods that restore health (control cholesterol, prevent platelet aggregation, regulate hematopoietic function, etc.); Foods that regulate body rhythms (nerve centers, nerve endings, ingestion and absorption functions, etc.) and foods that delay aging, etc. According to statistics, in 2023, the output of functional food in mainland China will be 833,500 tons, the demand will be 826,100 tons, and the market size will be 469.39 billion yuan.
The upstream market participants in the industrial chain of the functional food industry are raw material suppliers, mainly including sugar alcohols, oligosaccharides, Chinese herbal medicines, agricultural products, animal and plant extracts, etc. These raw materials are the basic ingredients of functional foods and determine the nutritional value and functionality of the product. The midstream is the production and processing of functional food. Downstream sales channels include distributors, chain pharmacies, e-commerce platforms, supermarkets, etc.
Domestic functional food manufacturers mainly include CSPC Pharmaceutical Group, Jiangzhong Pharmaceutical, Xianle Health, Tomson Beijian, Xiwang Food, Jindawei, Xitai Health, Jiaoda Onlly, Combit, Shanyuantang, Yisheng Kangjian, Lily Co., Ltd., etc.
Among them, CSPC Pharmaceutical Group has developed into an innovative company integrating biopharmaceuticals, APIs and functional foods, and is the first echelon of China's health food industry, creating a vitamin C lozenge brand that is deeply loved by consumers. In 2023, the revenue will be 31.45 billion yuan, a year-on-year increase of 1.66%, and the attributable net profit will be 5.873 billion yuan, a year-on-year decrease of 3.58%. By-Health is a leading brand and benchmark enterprise of dietary supplements in China. According to statistics, in 2023, the company's revenue will be 9.407 billion yuan, a year-on-year increase of 19.66%, and the attributable net profit will be 1.746 billion yuan, a year-on-year increase of 26.01%. Jindawei has now developed into a new star in the health care products and sports nutrition manufacturing industry, providing high-tech, high-quality, and cost-effective health and nutrition products for millions of families around the world. In 2023, the company's revenue will be 3.103 billion yuan, a year-on-year increase of 3.1%, and the attributable net profit will be 277 million yuan, a year-on-year increase of 7.5%.
The research team of Zhiyan Consulting conducted an in-depth analysis of the scale, industrial structure, key enterprises, and industrial development trends of China's functional food industry, and put forward suggestions for the problems existing in the development of the functional food industry, providing reference for local governments, industrial chain related enterprises, and investment institutions.
Data Description:
1: The core data of this report has been updated to December 2023 (the relevant financial indicators of non-listed companies in the report are affected by corporate credit approval, and there may be a certain lag), and the forecast period of the report is 2024-2030.
2: In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual reports, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3: The core data of the report is based on the strict data collection, screening, processing, analysis system and independent calculation model of the Zhiyan team to ensure the accuracy and reliability of statistical data.
4: The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.
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