China Dairy Market Outlook

1. China Dairy Market

2. Report Description and Highlights Analyst View: China Dairy Market including dairy products will reach US$ 114 Billion by the year 2024. The China 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’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.

3. China is the top milk importer from across the globe and among the top importer of dairy products 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. 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.  Read more here: https://www.renub.com/china-dairy-market-forecast-nd.php

4. China Forecast for By Products Dairy Market Share China Forecast for By Products Dairy Market Share (Percent), 2018 – 2024 Source: Renub Research Analysis Note: These are dummy figures; actual data given in the report

5. Increasing dairy consumption, rising incomes, the development of e-retail shopping, etc. is expected to drive China Dairy Market positively 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. Want more Information about this market? Request a free sample copy: https://www.renub.com/contactus.php

6. China Forecast for By Types Dairy Market Share China Forecast for By Types Dairy Market Share (Percent), 2018 – 2024 Source: Renub Research Analysis Note: These are dummy figures; actual data given in the report

7. Companies covered in this report 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 • Browse Related Report : • Dairy Alternatives Market • India Frozen Food Company • Contact Us • Tel: +1-678-302-0700 (US), +91-120-421-9822 (INDIA) • Email: info@renub.com