5%
GDP increase
Annual GDP growth of 5%.
Asia
Even though China’s growth has slowed due to COVID-19, it continues to be among the top 10 countries with the highest per capita GDP growth. For this 2021, an economic growth of 2.3% is estimated in counterpoint to the rest of the world, where the economy is expected to contract.
Our market in Asia
China’s average income has increased steadily in the last 10 years, reaching an 86% increase between 2012 and 2019. Cherry consumption is focused on high-income consumers, with a focus on supermarkets and specialized stores. By 2030, the level of urbanization is expected to exceed 70%, which would have a positive effect on the consumption of quality fruit.
Some numbers
5,3%
Food consumption
Annual food consumption growth.
780 MM
Middle class increase
In 2025, the middle class is expected to grow from 430 to 780 million people.