Premade in China: The competitive landscape and market share of China's premade aquatic food industry

Fri, 10/11/2024 - 13:01
premade aquatic foods
premade aquatic foods

Participants in the aquatic premade food market include aquatic supply chain companies, quick-frozen food companies, professional premade food companies, catering companies and fresh food e-commerce companies.


Head companies such as Guolian Aquatic, Hengxing Aquatic, and Anjing Foods have taken the lead in the market with their perfect industrial chain and strong brand influence.

Market share distribution
According to the operating income level in 2021, the aquatic premade food industry can be divided into two echelons:


The first echelon: including Anjing Food Hope, Sanquan, Si Nian, Guolian Aquatic Products State Restaurant, Qianwei Central Kitchen, etc., with a market share of 13.4%.


The second echelon: companies focusing on premade food products are in a rapid development stage, with a market share of 86.6%.

Leading brands
According to the Hurun China related premade food list, there are 13 aquatic premade food companies selected in the top 50 list of Chinese premade food in 2024. Among them, there is 1 top 5 enterprise, 2 top 10 enterprises, 3 top 30 enterprises, and 7 top 50 enterprises.


Regional market

China's aquatic premade food enterprises are mainly distributed in coastal provinces, cities and regions such as Liaoning, Shandong, Zhejiang, Fujian, and Guangdong.


Market size and growth

From 2019 to 2023, the scale of China's aquatic premade food market will grow rapidly from 59.2 billion yuan to 137 billion yuan, with an annual compound growth rate of 23%.


These data and information show that although China's aquatic premade food industry is still in the early stages of rapid development and the industry structure is still unstable, as the industry continues to mature, market concentration is expected to gradually increase.