The Market value (retail sales value) of Rice based Industry in China attained a value of USD 1,124.04 Millions in 2020
The Industry recorded a historical growth (CAGR) of 1.48% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
Retail sales value of rice industry in China recorded a YoY decline in 2020
The Chinese rice-based industry has faced growth between 2017-2019, followed by a sharp YoY decline in 2020. China is the largest cereal crops producer in the Asia-Pacific region by a significant margin. However, recently growth has stagnated in the industry with forecasts looking similarly discouraging. The rice segment was the cereal industry's most lucrative in 2020.
Rice products include all forms of dried rice (flavored or unflavored). The market is valued according to retail selling price (RSP) and includes any applicable taxes
Five Forces Analysis
The cereal crops market will be analyzed taking farming practices and producers as players. The key buyers will be taken as wholesale dealers and food processing companies, and fertilizer and machinery providers as the key suppliers.
With the exception of produce quality, there is typically a lack of differentiation between produce from different producers and players are typically extremely similar, which enhances rivalry.
Cereal grains form a staple part of most people’s diet, supplying carbohydrates, proteins, and fats. While in developing nations, cereal grains constitute the majority of daily sustenance, in developed nations, cereal consumption varies, but is still substantial.
Competitive Landscape
The majority of players in the Chinese cereal crops industry are small to medium sized independent farms, though large co-operative farming companies are present, which increases competition amongst players. The leading players in China tend to have similar operations, though some have a strong presence in other segments, such as Cargill which also has a strong presence in the meat market. In 2016 reforms were put through to allow corporations to invest in large scale farming in China, which has helped drive investment from foreign players, which will increase competition in the long term. COFCO is a state-owned company, which gives it a competitive advantage; it is also the country’s largest food processor, manufacturer and trader. The industry has declined in the historic period and this is set to worsen due to the COVID-19 crisis, intensifying rivalry.
Switzerland
United States of America
France
Netherlands
China
China
South Korea
China
Belgium
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer