The Lucrative Chinese Elderly Food Market and Potential Opportunities
BY Shine HuNov 03, 2020
China’s aging population will reach 370 million in 2030, accounting for 25.5% of the total population of China. Instant powder foods (e.g., milk powder) and health foods (dietary supplements) are two major categories in the current Chinese food market, with a smaller portion of senior sugar-free pastry snacks.

China's rapidly aging population

No other country in the world is experiencing population aging on the same scale as China. According to the United Nations standard, an aging society is defined as one in which more than 10% of a country's population is over 60 years old, or 7% of its population is over 65. In 1999, the number of people over 60 years old in China reached 167 million, accounting for 12.5% of the total population, becoming an aging society. Ten years later, the number of people over 60 years old reached 254 million, accounting for 18.1% of the total population.

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Shine Hu
ChemLinked Research Analyst
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