Original title: 25% of the world's food materials are produced in China. In 2023, China's food material consumption market will exceed 9 trillion yuan

The China Federation of Logistics and Purchasing released the Report on the Development of China's Food Supply Chain (2024) on the 23rd. According to the report, China's food consumption demand has continued to grow steadily, and the food supply chain enterprise chain has gradually extended to the upstream.

According to the report, the consumption scale of food materials in China will grow significantly in 2023. The consumption of catering materials reached 2.12 trillion yuan, up 20.45% year on year. The retail consumption of food materials reached 7.25 trillion yuan, up 7.66% year on year. Benefiting from the recovery and development of the catering market, the chain rate of the catering industry continues to increase, and the consumption of food materials in China has gradually shifted from "quantity driven" to "quality driven".

Cui Zhongfu, Vice President of China Federation of Logistics and Purchasing: China is the world's largest food consumption market, and the output of food materials accounts for about a quarter of the world. Against the backdrop of the slowdown of global food trade, China's food consumption market will reach 9.37 trillion yuan in 2023, with a year-on-year growth of 10.31%, and the demand will continue to grow steadily.

China's food supply chain enterprise chain gradually extends to the upstream. The survey results of 100 key food supply chain enterprises show that the penetration rate of the direct procurement mode of the base will exceed 80% in 2023, effectively shortening the supply chain and reducing the cost of food procurement and circulation.