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Recently, the condiment market has set off a wave of price increases
.
Affected by factors such as cost pressures caused by the price increase of raw materials, many companies have increased product prices to ease the pressure on performance growth
.
.
Affected by factors such as cost pressures caused by the price increase of raw materials, many companies have increased product prices to ease the pressure on performance growth
.
Condiment companies have raised prices to ease the pressure of rising costs
Recently, many condiment companies have raised the ex-factory prices of their products.
Haitian Flavour Industry has issued an announcement saying that due to the continuous increase in the costs of major raw materials, transportation, and energy, the ex-factory prices of some products such as soy sauce, oyster sauce, and sauces have been adjusted and adjusted.
The range is 3%-7%
.
Subsequently, condiment companies such as Hengshun Vinegar Industry and Jiajia Foodstuff followed suit to raise prices
.
Haitian Flavour Industry has issued an announcement saying that due to the continuous increase in the costs of major raw materials, transportation, and energy, the ex-factory prices of some products such as soy sauce, oyster sauce, and sauces have been adjusted and adjusted.
The range is 3%-7%
.
Subsequently, condiment companies such as Hengshun Vinegar Industry and Jiajia Foodstuff followed suit to raise prices
.
Consumers: There will definitely be an impact, and they will choose more cost-effective products
.
But people who don’t cook may not be so sensitive
.
.
But people who don’t cook may not be so sensitive
.
According to data from the China Condiment Association, in the first three quarters of 2021, the profits of listed condiment companies have declined
.
The total operating income of the 16 listed condiment companies in the first three quarters of 2021 was 60.
506 billion yuan, and the total net profit was 8.
837 billion yuan
.
Among them, the profits of Jiajia Food, Tianwei Food, and Zhongju High-tech were down 98.
7%, 75%, and 45.
1% year-on-year
.
Industry insiders said that the increase in ex-factory prices is not only affected by the rise in raw materials, but also includes the pressure of performance growth
.
.
The total operating income of the 16 listed condiment companies in the first three quarters of 2021 was 60.
506 billion yuan, and the total net profit was 8.
837 billion yuan
.
Among them, the profits of Jiajia Food, Tianwei Food, and Zhongju High-tech were down 98.
7%, 75%, and 45.
1% year-on-year
.
Industry insiders said that the increase in ex-factory prices is not only affected by the rise in raw materials, but also includes the pressure of performance growth
.
Xuan Wei, chief strategist of China Asset Management: The most important thing is that this year’s pressure on the cost side brought by the increase in raw material and energy prices.
Through the increase in ex-factory prices, it can effectively hedge part of the upward pressure on the cost side and improve at the same time.
The profit margin of the channel is also conducive to enhancing the certainty of the profit growth of related companies in 2022
.
Through the increase in ex-factory prices, it can effectively hedge part of the upward pressure on the cost side and improve at the same time.
The profit margin of the channel is also conducive to enhancing the certainty of the profit growth of related companies in 2022
.
"Lazy seasoning " loved by young people, the market scale exceeds 100 billion
In addition to traditional condiments, in recent years, there has also been a new track in the condiment market-compound condiments, which can save time and effort to make delicious dishes with only a few packages, because its convenience has also been influenced by many young people.
Like it, it is vividly called "lazy seasoning" by everyone
.
Like it, it is vividly called "lazy seasoning" by everyone
.
Ms.
Yang is a post-90s generation and likes to cook at home
.
Because she is busy at work and has limited time to cook in person.
If she wants to achieve "freedom of food" within the limits of time and economy, "lazy seasoning" has become her first choice.
You only need to prepare raw materials to make it.
She wants to eat food, and many of her friends are using "lazy seasoning"
.
Yang is a post-90s generation and likes to cook at home
.
Because she is busy at work and has limited time to cook in person.
If she wants to achieve "freedom of food" within the limits of time and economy, "lazy seasoning" has become her first choice.
You only need to prepare raw materials to make it.
She wants to eat food, and many of her friends are using "lazy seasoning"
.
Consumer Ms.
Yang: I think it’s more hygienic to eat at home.
You have to prepare your own food and prepare the seasoning yourself.
The taste of the preparation may not be particularly suitable for your taste, so I like to buy "lazy seasoning", which is fast and energy-saving Time, it tastes pretty good again
.
Yang: I think it’s more hygienic to eat at home.
You have to prepare your own food and prepare the seasoning yourself.
The taste of the preparation may not be particularly suitable for your taste, so I like to buy "lazy seasoning", which is fast and energy-saving Time, it tastes pretty good again
.
Zhong Chen, a supermarket worker: There are many new products on the market for compound condiments recently, so there will be a relative upward trend in sales, especially for compound condiments such as soups in winter.
The upward trend is still relatively good
.
The upward trend is still relatively good
.
In recent years, the compound condiment market has developed rapidly
.
Relevant data shows that the market size of China's compound condiments in 2020 will be 148.
8 billion yuan, and it is expected to increase to 165.
8 billion yuan in 2021
.
At present, many manufacturers are also deploying the compound condiment market one after another
.
.
Relevant data shows that the market size of China's compound condiments in 2020 will be 148.
8 billion yuan, and it is expected to increase to 165.
8 billion yuan in 2021
.
At present, many manufacturers are also deploying the compound condiment market one after another
.
.
From a long-term perspective, compound condiments are expected to gradually replace and upgrade a single basic condiment, and it is also one of the subdivision tracks with great potential for growth
.
