What changes does food safety bring to the condiment industry?

Referring to the "Market Demand Forecast and Investment Strategic Planning Analysis Report of China's Condiment Industry" by the Qianzhan Industry Research Institute, food safety lays the cornerstone for the development of the condiment industry. Despite the decline in the real economy and the slowdown in the development of the food industry, the sales revenue of the condiment industry still maintained a year-on-year growth rate of 11.6%.

At present, the marginal costs of the original regional brands in the condiment industry are increasing, but the marginal effects are diminishing. If supply-side reforms are not carried out or measures are not taken as soon as possible, they may face elimination. Correspondingly, the marginal effects of some national condiment brand companies are increasing. I believe that the current development of the condiment industry is not about improving production capacity, but about structural adjustments to existing brands. In a situation where the total industry volume is relatively saturated, it is necessary for some national condiment brand companies to make structural adjustments.