Frost & Sullivan and LeadLeo Research Institute jointly release the '2023 China Convenience Food and Brined Food Industry Overview Report'

In recent years, the consumption scale of Chinese snack and marinated foods has grown rapidly, reaching a market size of 234.95 billion yuan in 2022. As the 'first stock in snack and marinated foods', Shanghai Ziyuan Food Co., Ltd. (603057) recently released its third-quarter report for 2023. The report shows that the company's main business revenue was 2.816 billion yuan, a year-on-year increase of 2.68%; net profit attributable to the parent company was 341 million yuan, a year-on-year increase of 50.03%, showing very impressive performance. Compared to casual marinated products, snack and marinated foods, as a supplement to table dishes, are an important part of Chinese dietary culture, with a stronger consumer base and a more diversified range of categories. They place greater emphasis on the freshness and nutritional health of products, thus having higher industry barriers and corresponding more solid moats. At the same time, snack and marinated foods are gradually occupying the market share of casual marinated products by expanding consumption scenarios and enhancing consumer brand loyalty. In the future, the snack and marinated food market will further expand. For this reason, based on research into the market, Frost & Sullivan (Frost & Sullivan) and LeadLeo Research Institute jointly released the '2023 China Snack and Marinated Food Industry Overview Report'.