Round Table China cover image

Round Table China

Are baked goods becoming overpriced?

Nov 23, 2023
Niu Honglin, Li Yi, and Josh Cotterill discuss the rising prices of baked goods and whether they are worth it. They delve into the popularity of premium bread brands in Beijing and the influence of social media influencers on consumer preferences. They also talk about market research and adapting to the Chinese food market, as well as offering support and advice for overcoming struggles.
28:46

Podcast summary created with Snipd AI

Quick takeaways

  • The bakery industry in China is witnessing changes with the rise of more expensive and high-end bread options, and despite the high prices, these premium bread brands remain popular among customers.
  • Consumer knowledge and expectations are increasing in the bread market in China, making it harder for lower quality bread to compete, highlighting the importance of understanding local consumer trends and conducting market research.

Deep dives

The Bakery Industry and Expensive Bread

The bakery industry in China is witnessing changes with the rise of more expensive and high-end bread options. While there are complaints about the increasing prices, there is also a clear price hierarchy in the market. Cheap bread can be found in supermarkets, while bakery chains offer bread priced between 10 to 20 yuan. Premium bread brands, especially in bigger cities, can sell bread for nearly 30 yuan or even higher. Despite the high prices, these premium bread brands remain popular among customers.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode