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Refrigerated and Frozen Food Market Hits RMB 800 Billion
2018/01/21
Ice cream and the frozen food industry embraced unprecedented development opportunities in China, attracting numerous investments in order to seize a huge market. It is estimated that in the first 10 months of 2017, the ice cream market volume amounted to RMB 120 billion (US$ 18.5 billion), with the production volume hitting 4.5 million tons. The market volume of refrigerated and frozen food including ice cream reached more than RMB 800 billion (US$ 123 billion), representing average annual growth of 16.27% during the period spanning 2014 to 2017.
 
Ice cream and the refrigerated and frozen food industry began to develop in China in the 1950s and 1960s, with the focus primarily on ice candies, ice cream, seafood, and meat. It was after 2010 that ice cream and the frozen food industry embraced rapid growth in the Chinese market.
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