With an exhibition area of over 200,000 square meters this year, Bakery China 2018, to be held on May 9-12, has attracted more than 2,100 exhibitors from all over the world.
As an important indicator of China’s robust growth on bakery, Bakery China (www.bakerychina.com) was launched 21 years ago and has developed into the world’s largest exhibition in this area. As the organisers of this high-profile and impactful event, China Association of Bakery & Confectionery Industry (CABCI) and Bakery China Exhibitions Co., Ltd. will welcome more than 140,000 professional visitors from over 110 countries and regions at the Shanghai New International Expo Center for Bakery China 2018, where every participant will truly experience the vibrant prosperity and innovation of China’s bakery industry.
China’s bakery industry, which has been experiencing a rapid growth since the end of last century, boasted a 20% average growth rate between 2003 and 2016 and is emerging as a global leader in the industry. In the forthcoming months, the country is expected to become the largest producer and consumer of bakery products. According to statistics on bakery enterprises above state-designated scale from the National Bureau of Statistics of China, in 2017, China’s bakery and confectionery production (including pastry/breads, biscuits, chocolates, frozen beverages, instant noodles and sweetmeats) totalled 35.899 million tons, with a prime operating revenue of RMB 743.178 billion, at a year-on-year growth of 8.29%.
As indicated by CABCI, based on a population of 1.37 billion, China’s per capita annual consumption of bread in 2017 was only 4.4kg. Compared to an average of 10kg in South Korea, over 20kg in Japan and over 70-80kg in the US and Western European countries, it is obvious that China holds great potential of growth and expansion. Fast urbanisation and diversification of people’s diets will be the key drivers for the growth of the bakery industry in China.
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Copyright Business Wire 2018