The Chinese like yogurt but they love drinkable yogurt. Population increases, urbanization and rising incomes are the reasons behind an expected 7% annual growth rate.
July 30, 2015
Daxue Consulting offers some advice to Western dairy processors about exporting dairy products, especially yogurt, to China.
New regulations in China seem to further alter the playing field for milk powder brands in favor of major foreign companies, which together made up 54% of the Chinese market in terms of sales revenue in 2013.
What effect will China's new Food Safety Plan have on the global dairy industry? The Chinese dairy market has been growing at 10% annually, and is expected to continue at similar rates until 2020 So what should one expect? Dairy producers (Nestle is one) are moving to preemptively consolidate their sourcing in an effort to mitigate potential compliance issues.