Condiment market prospects are promising

Under the epidemic, condiments are important and indispensable.

First, the function and application of condiments have a very broad scope

Second, under the epidemic, the sales of condiments declined due to the decrease in population movement and the number of gatherings, but the demand for individualization increased

Third, the production and sales of listed condiment companies are to a certain extent the vane of the industry

Fourth, the industry management of condiments is still very important

According to the information disclosed in the 2021 annual report of listed companies and the first quarterly report of this year, most listed condiment companies have experienced a significant decline in their performance, especially their profits

It is not easy for Haitian Flavor to achieve both revenue and profit growth in 2021

In 2021 and the first quarter of this year, Zhongju High-tech's revenue and profits will decline a lot.

Qianhe Flavor currently ranks third among listed companies with soy sauce as its leading product.

The revenue and profit of Hengshun Vinegar Industry, which takes vinegar production as its leading product, will decline more in 2021 and the first quarter of this year.

Compared with other condiments, Fuling mustard has special characteristics.

　　Tianwei Foods, Anji Foods, Jiajia Foods, Jialong Co.

　　Looking forward to the future, the following situations need to be paid great attention by the industry and enterprises

　　First, most of the listed condiment companies are leading companies with significant brand effects, but there are still Lee Kum Kee, Totole, Pearl River Bridge, Donggu, Xinhe, Shounong Taste, Tianjin Limin, McCormick, Yongyi Foods and Unlisted brand enterprises such as Zilin Vinegar, Donghu, Shuita, Baoning and Tianli Duliu occupy a relatively important position in the condiment market and have a relatively high market share

　　Second, since 2021, the prices of raw and auxiliary materials used by condiment companies have risen a lot, which has greatly increased the production costs of condiment companies

　　Third, since 2021, due to the repeated impact of the epidemic, the turmoil in the global capital market has intensified, and China's Shanghai Composite Index has recently hit new lows

　　Looking ahead, the industry and companies should be cautious but optimistic: the worst is about to pass, and the outlook for condiment production and markets is promising
.

(Wei Xiangyun, Executive Chairman of China Condiment Association and Chief Researcher of the Special Committee of Listed Companies)

"China Food News" (May 12, 2022 Edition 04)

　　(Editor-in-charge: Gao Jiaodi)