China’s dairy and dairy products market have grown significantly over the last decades and are expected to follow the same trend during the forecast period. One of the primary reasons for this growth can be attributed to China’s domestic dairy rapid modernization. The consumption of milk and dairy products among Chinese is growing very rapidly, making China one of the most vibrant players of the global dairy market. China Dairy Market including dairy products will reach US$ 114 Billion by the year 2024. The Chinese dairy market is witnessing a structural change in terms of consumer preferences, with consumers who are now looking out for safe, premium and healthy dairy products. Chinese appetite for milk and products derived from milk is growing immensely, offering huge opportunity to the dairy companies.
China is one of the leading producers of milk and dairy products such as Yoghurt, Ice Cream, Probiotics, Cheese, Butter, Infant formula, Flavored Milk Drinks etc. At the same time, China is the top milk importer from across the globe and among the top importer of dairy products. For instance; China imports alfalfa, whey, powder milk, cheese, and many such dairy products in order to meet its growing demand.
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The overall dairy and dairy products market of China is growing substantially. Yoghurt and Cheese are among the leading dairy products market in the China Dairy Market. Albeit reliable sales growth for Yoghurt and Cheese in China, it is found that per capita volume consumption of major dairy products remained comparatively lower than that of the other countries around the world. For example: the per capita milk consumption volume in China is 14 litres in comparison to United States and Japan which has 52 litres and 37 litres respectively. On the other hand, per capita Cheese consumption volume in China is just 0.02 Kg while it is as high as 7 Kg per person in United States & 1.5 kg per person in Japan. Similarly, per capita yoghurt consumption volume in China is 3.4 Kg, 4.9 Kg in United States and 9.7 Kg in Japan.
Dairy consumption in China is relatively low when compared to other countries like United States and Japan. However, the domestic production of milk and dairy products in China has increased in 2017 from 2016 and the import volume of dairy products has also increased during the same period.
Increasing dairy consumption, rising incomes, the development of e-retail shopping and consumers demand for more premium dairy products like flavored dairy milk, flavored yoghurt, etc. is expected to drive China Dairy Market positively over the forecast period. Further, consumers are willing to pay more when it comes to dairy and dairy products in China due to growing awareness regarding the health related benefits of dairy products, also help China Dairy Market to touch new height of glory in the near future.
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Market Summary
On the basis so of product types, Liquid milk has the lion’s market share compared to milk powder & others. Based on Dairy products, Infant Formula dominates the China Dairy Market. Other segments discussed in the report are Yogurt, Flavored Milk Drinks, Cheese, Ice Cream, Probiotic, Butter, UHT Milk, Margarine and Other Dairy Products.On the basis of Dairy Production & Consumption Volume, Food use milk products controls this market. The report covers consumption volume of Food use, Feed use and Others use. In this segment Dairy Product Import & Export Volume report covers Import volume of Skimmed Milk Powder, Liquid Milk, Whey, Cheese, Infant Formula and Whole Milk Powder.China Dairy Market has also been studied with some of the key companies being Bright Dairy & Food Co., Ltd, China Mengniu Dairy Company Limited, China Modern Dairy Holdings Ltd and Inner Mongolia Yili Industrial Group Co., Ltd.
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Key Topics Covered :
1. Introduction
1.1 Market Definition1.2 Currency Conversion
2. Research Methodology
3. Executive Summary
4. China Dairy Market
5. Market Share – China Dairy
5.1 By Type5.2 By Products5.3 By Products – Volume Share
6. Type – China Dairy Milk Market
6.1 Liquid Milk6.2 Milk Powder6.3 Other Dairy Products
7. Products – China Dairy Market
7.1 Yogurt7.2 Ice Cream7.3 Probiotic7.4 Cheese7.5 Butter and Margarine7.6 Infant Formula7.7 Flavored Milk Drinks7.8 UHT Milk7.9 Other Dairy Products
8. China Dairy Market Supply & Demand Analysis
8.1 China Dairy Products Production8.2 China Dairy Products Consumption8.3 China Dairy Products Losses
9. China Dairy Products Import and Export Status
9.1 China Dairy Products Imports9.2 China Dairy Products Exports
10. Growth Drivers
10.1 Urbanization & Increasing Household Disposable Income10.2 Relaxation in One-Child Policy10.3 Growing Health Consciousness
11. Challenges
11.1 New Milk Regulations in China11.2 Dairy Product Safety Issue
12. China Mengniu Dairy Company Limited
12.1 Company Overview12.2 Initiatives12.3 Financial Insight
13. Inner Mongolia Yili Industrial Group Co., Ltd
13.1 Company Overview13.2 Initiatives13.3 Financial Insight
14. China Modern Dairy Holdings Ltd
14.1 Company Overview14.2 Initiatives14.3 Financial Insight
15. Bright Dairy & Food Co.,Ltd
15.1 Company Overview15.2 Products/Initiatives15.3 Financial Insight
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