Press Releases

Hong Kong, Jan 21, 2010 (ABN Newswire) - Sauces & Condiments industry is the "hidden champion" behind food processing and catering industries and the biggest slice of it is the market for taste- enhancing condiments. Monosodium Glutamate (MSG), being the representative of taste-enhancing condiments, thus has a very important position.

After a century of development, the Monosodium Glutamate (MSG) industry has had its center of supply and demand shifted away from Japan, via Taiwan and South Korea, to mainland China. In this vast country, now home to over 70% of the MSG industry, new leaders such as the Fufeng Group Limited have emerged after the battles of 2006-2008.

Being a basic commodity in daily life, MSG production experiences weaker periodic movements. Early recoveries, before the economic downturn had bottomed, were also found in the MSG industry. On the other hand, coupled with booms in food processing, retailing and catering industries, China's MSG industry is still maintaining annual growth rate of around 10%. Furthermore, the present "Dual-Sector" economy and the continuing trend of urbanisation will both provide further drive to the growth of MSG industry.

This report is basically a macro level review, but it also takes a glimpse at the middle tier of the industry hierarchy. For details on the state of the MSG industry in mainland China and its development, please refer to our later reports.

Download the full report attached or via this link:
http://www.abnnewswire.net/media/en/docs/62116-ABNEN62116.pdf