Core Viewpoint - Brands must move beyond relying on hit products for quick profits; only by deeply respecting and understanding local markets can sustainable growth be achieved [16] Group 1: Market Trends - Chinese snacks have become popular not only among overseas Chinese but also among local young consumers, with products like spicy strips and sunflower seeds gaining traction [3] - The domestic market for snacks is highly competitive, prompting brands to seek growth opportunities abroad as domestic revenues stagnate [3][4] - For instance, Qiaqia Foods reported a 6.4% decline in domestic revenue while experiencing a 13.18% increase in overseas revenue in the first half of the year [3] Group 2: International Expansion - The trend of Chinese snack brands going overseas began in the early 2000s, with Qiaqia Foods being a notable example [4] - Qiaqia established its first overseas office in Vietnam in 2008, marking the start of its international strategy [4] - By 2016, Qiaqia's overseas revenue grew by 48.58%, and the brand has maintained double-digit growth in subsequent years [5] Group 3: Market Entry Strategies - Qiaqia focuses on offline channels, targeting convenience stores like 7-Eleven in Thailand, which holds a 70% market share in the local convenience store sector [6] - The brand faced challenges entering 7-Eleven due to existing local competitors and stringent entry standards [6][7] - In contrast, Three Squirrels adopted an online-first approach, launching flagship stores on platforms like Lazada and Amazon in 2018 [8][9] Group 4: Product Localization - Successful brands like Weidong have adapted their products to local tastes, such as offering milder flavors in Italy and incorporating local ingredients in Southeast Asia [14][15] - Compliance with local food regulations is crucial, as different countries have varying standards that can impact product availability [15] Group 5: Supply Chain Development - Companies like Qiaqia and Yanjin Puhui are shifting from merely exporting products to establishing local production facilities, enhancing their supply chain capabilities [16][17] - Qiaqia invested 500 million yuan in a sunflower seed factory in Thailand, which has become a significant asset for the brand [16][18] - As of the first half of this year, Qiaqia's overseas revenue reached 278 million yuan, accounting for 10.1% of total revenue, with a higher gross margin compared to domestic operations [18]
从华人乡愁到全球爆款,中国零食正在攻占世界货架