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Development Prospect of Biscuit Production Line
With the rapid development of biscuits and other baked goods in our country, they are gradually emerging in the market. The popularity of biscuits has created a good environment for the development of biscuit production lines, and the emergence of biscuit production lines has also promoted the stable development of the baking industry.
China's baking industry started relatively late, and it was not until after 2000 that it began to enter a period of rapid development. In recent years, with the accelerated pace of people's life and the infiltration of Western food culture, the market size of the industry has continued to increase.
Data show that in 2018, the market size of my country's baking industry reached 203.3 billion yuan, with a five-year compound growth rate of about 7.5%. In 2019, the scale of my country's baked food market is about 231.7 billion yuan, with a year-on-year growth rate of 10.9%. It is estimated that the scale of my country's baked food market will reach 256.7 billion yuan in 2020.
The baked food industry is one of the more popular industries in China. It is an industry that is less affected by economic fluctuations among mass consumer goods, and it covers multiple industries such as bread, cakes, and biscuits.
As the scale of market demand gradually expands, bakery categories are increasingly diversified, and bread accounts for about 44%, which is an important branch of the bakery industry. Followed by biscuits and other baked goods accounted for about 39%, and finally the cake industry accounted for about 17%.
Among them, biscuits, as a sub-category of baked goods, have developed rapidly in recent years and maintained a steady momentum of development. It is estimated that the total retail sales in 2020 is expected to exceed 87.9 billion yuan, and the compound annual growth rate in the past five years is expected to reach 6.6%. my country's biscuit industry is developing rapidly, and the demand for biscuit production lines has maintained a good growth trend. Biscuit production lines have also improved the production capacity of enterprises and ensured product quality.
Among them, biscuits, as a sub-category of baked goods, have developed rapidly in recent years and maintained a steady momentum of development. It is estimated that the total retail sales in 2020 is expected to exceed 87.9 billion yuan, and the compound annual growth rate in the past five years is expected to reach 6.6%. my country's biscuit industry is developing rapidly, and the demand for biscuit production lines has maintained a good growth trend. Biscuit production lines have also improved the production capacity of enterprises and ensured product quality.