BEIJING, March 28 (Xinhua) -- More and more Chinese listed companies are attracted to make investment in prefabricated food, which is likely to become a trillion-yuan-level sector as more consumers turn to ready-to-eat dishes, reported the Xinhua-run China Securities Journal.
The market scale of China's prefabricated meal industry is estimated at 210 billion yuan, and is expected to increase to about 600 billion yuan in 2025, according to a report on China's chain catering industry in 2021 unveiled by China Chain Store & Franchise Association in November of last year.
In the next six to seven years, the market scale of China's ready-to-eat meals is expected to reach about three trillion yuan, said some industry insiders, also noting that the industry is likely to grow at an annual rate of 20 percent fueled by consumption upgrading, accelerated investment in cold chain logistics and diversified online marketing.
Some listed companies have entered the promising field. For example, Shanghai Jin Jiang Online Network Service Co., Ltd. (600650.SH), whose main business is vehicle operation and low-temperature logistics, established a subsidiary specialized in developing and selling ready-to-heat and ready-to-cook dishes in 2021. During the Chinese New Year, the company sold 10,000-odd sets of prefabricated meal packages, kicking off a good start of the business.
Many listed companies also want to take a share of the pie. For instance, Foshan Haitian Flavouring And Food Company Ltd. (603288.SH) is actively doing a research on ready-to-eat dishes as it is highly relevant with condiments, Zhang Xin, secretary of the board of directors of the company told a meeting held on March 25.
Chen Ke Ming Food Manufacturing Co.,Ltd (002661.SZ), a leading fine fried noodles manufacturer in China, said it will focus on adopting the mode of fine fried noodles plus prefabricated seasoning to make eating noodles more convenient. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
A single purchase
