(I-BusinessNews.Com, September 28, 2020 ) China is one of the world’s largest dairy consumers for the last few decades. Dairy consumption has increased in China with the growth in per capita income annually. Past decades have seen a soar in China dairy production and consumption. Government of China has been issuing new plans, policies and regulations to modernize production, improve food safety and quality. China is not self-sufficient in dairy production, and their productivity is also declining from the past few years, so imports fulfill the majority of dairy demands. According to Renub Research, China Dairy Market will reach US$ 176 Billion by 2026.
In China, leading dairy products are yogurt, liquid milk and infant milk formula. In 2019, yogurt and milk powder showed the fastest growth of these major categories. Food safety issues have significantly changed Chinese consumer choices. Upper and middle class prefer to pay higher prices for imported dairy products which they consider safer and better. Europe leads in dairy export to China, followed by the United States and New Zealand. Since the majority of imports of dairy products are from foreign companies, the government has put regulations that whichever companies that are not registered in China are not allowed to sell the products anywhere within the Chinese boundaries.
The three Chinese dairy companies Yili, Mengniu and Bright make a significant market in sales for liquid milk in 2019. Global companies have also entered the Chinese market by exporting dairy products and selling through online grocery services such as Tesco Plc, and large retailers like Yihaodian. Covid-19 pandemic has raised people’s health awareness and deepened consumers’ understanding of the nutritional value of milk and dairy products in China.
Renub Research report titled “China Dairy Market & Forecast by Category ( Liquid Milk, Milk Powder, Other), Product (Yogurt, Ice Cream, Probiotic, Cheese, Butter and Margarine, Infant Formula, Flavored Milk Drinks, UHT Milk, Other Dairy Products), Production & Consumption Volume (Food Use, Feed Use, Others Use), Import Volume (Liquid Milk, Cheese, Whole Milk Powder, Skimmed Milk Powder, Whey, Infant Formula), Export Volume, Company (China Mengniu Dairy Company Limited, Inner Mongolia Yili Industrial Group Co., Ltd, China Modern Dairy Holdings Ltd, Bright Dairy & Food Co.,Ltd)” provides a complete analysis of Chinese Dairy Market.
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Category – Report Studies the Market of the Following Milk Categories & Sub-categories
• Liquid Milk (Premium, Regular)
• Milk Powder (Premium, Regular)
• Other
Product – Dairy Market in China is divided in 9 products
1. Yoghurt (Drinking Yoghurt, Spoonable Yoghurt)
2. Ice Cream
3. Probiotic
4. Cheese (Cream Cheese, Other Cheese)
5. Butter and Margarine
6. Infant Formula
7. Flavored Milk Drinks
8. UHT Milk
9. Other Dairy Products
By Dairy Production & Consumption Volume
The report studies China total milk present and future production volume. This report also provides the details of the consumption volume of the following use type: food use, feed use and others use.
By Dairy Product Import & Export Volume
This report provides the details of the import volume of the following product: liquid milk, cheese, whole milk powder, skimmed milk powder, whey, infant formula. This report also explains dairy products export volume and forecast.
Companies Analysis
China Mengniu Dairy Company Limited, Inner Mongolia Yili Industrial Group Co., Ltd, China Modern Dairy Holdings Ltd, Bright Dairy & Food Co., Ltd has been studied thoroughly in the report.
All the Companies Studied in the Report have been Studied from 3 Points
• Company Overview
• Company Initiatives
• Financial Insight
Companies Covered in this Report
• China Mengniu Dairy Company Limited
• Inner Mongolia Yili Industrial Group Co., Ltd
• China Modern Dairy Holdings Ltd
• Bright Dairy & Food Co.,Ltd
By Dairy Production & Consumption Volume
• Food Use
• Feed Use
• Others Use
By Dairy Products Import Volume
• Liquid Milk
• Cheese
• Whole Milk Powder
• Skimmed Milk Powder
• Whey
• Infant Formula
Industry Related Opportunity:
Japan Food & Beverages Market: https://www.renub.com/japan-food-and-beverages-market-p.php
United States Organic Dairy Market: https://www.renub.com/united-states-organic-dairy-market-p.php
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Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Food, Beverage & Agriculture, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.
Also Read: http://marketanalysisreport.over-blog.com/2020/09/china-dairy-market
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Rajat Gupta
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