In line with the growing health and wellness trend, local consumers are focusing more on the health and nutrition aspects of their daily diets. This shift has resulted in a clear preference for fresh meat, as consumers increasingly avoid processed options in general.
Within the category, tofu and derivatives experienced the highest unit price growth in 2022 due to the soft commodity shortage of soybeans, which saw producers passing on the soaring costs to consumers, ultimately resulting in a decline in retail volume sales. As inflationary pressures started to ease in 2023, combined with the increasing efforts by chained supermarkets to maintain affordable prices, consumers resumed their purchases of tofu, which is an essential ingredient in Chinese cuisine.
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Processed Meat, Seafood and Alternatives to Meat
This is the aggregation of processed meat, processed seafood and meat and seafood substitutes.
See All of Our DefinitionsThis report originates from Passport, our Processed Meat, Seafood and Alternatives to Meat research and analysis database.
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