In the first half of the year, convenience food ushered in an unexpected turnaround.

In the first half of this year, specific consumer demand under the influence of the epidemic, so that the convenience of the food industry in the counter-trend of explosive growth. Data show that in the first half of this year, the industry ushered in an unexpected turnaround, including 2,312 new enterprises in the second quarter, up 98% year-on-year. In terms of regional distribution, Guangdong topped the list with nearly 25,000 enterprises, followed by Gansu and Zhejiang. In addition, the number of intellectual property rights in the industry has reached 246 in 2019. In the second quarter of this year, growth was 98% year-on-year.
China accounts for nearly 40% of the world's instant noodles market share. In the past 10 years, affected by many factors, the development space of domestic convenience food industry has been squeezed. Instant noodles in the four major categories of convenience foods began to decline in sales as early as 2014 and only slowly rebounded in 2017. According to the survey, 2011 was the peak of convenience food development in the past 10 years, with 12,000 business registrations, and the number of registrations continued to decline in the following years, with registrations beginning to level off in 2015-2018. Registrations in 2019 were 0.4 million, equivalent to one-third of 2011.
the outbreak, instant noodles became a "sought-after item" to secure supplies. In the first quarter of 2020, the number of convenient food enterprises registered reached more than 1,000, up 26% YoY, and in the second quarter, the number of enterprise registrations reached more than 2,300, an increase of 98% YoY. As of August 2020, 4408 convenience food-related enterprises have been registered, exceeding the level for the whole of 2019. Guangdong, Gansu and Zhejiang ranked in the top three, with nearly 80% of enterprises registered with a capital of less than 1 million yuan. In terms of geographical distribution, Guangdong is the province with the largest number of convenience food-related enterprises, with nearly 25,000, accounting for 41% of the country's total, with the vast majority of enterprises distributed in the wholesale and retail sectors. Gansu and Zhejiang were second, with 78% of convenience food enterprises registered within 1 million yuan and 8% of related enterprises with registered capital of more than 10 million yuan.
years, the emergence of a variety of new bubble noodles has enriched the market competition pattern. In terms of the number of IP applications, the number of instant noodle-related IP applications increased and decreased in the five years since 2015, reaching a peak of 286 in 2018 and a decrease in the number of IP-related applications in 2019 to 246.
addition, in 2016, since the rise of hot food, breakthrough categories, began to be widely popular, and by the capital attention. Since hot food is a convenience food track, there are 211 listed companies related to convenience food, of which 43 are listed on the A-share market, followed by the number of strategic investment enterprises, there are 24 enterprises.
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