Industry Analysis & Industry Trends
China is currently the third-largest dairy producer in the world, after India and the United States. However, per capita consumption of dairy products in China is less than one-quarter of the global average and lower than in many other developing countries. Due to traditional Chinese dietary patterns and lower living standards, the routine consumption of dairy products is limited across the country. Moreover, dairy product consumption varies considerably across China. Consumption in rural regions is less than 10.0% of that in urban areas.
After strong and steady growth for more than a decade, China's dairy industries were severely affected by the melamine scandal of September 2008, when melamine was found in infant formula and other milk products.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Value added is expected to increase at an annualized rate of 4.8% in the 10 years through 2022; this is slightly lower than China's average annual GDP growth rate of about 6.5% during the same period.
Per capita consumption of dairy products in China is still at a rather low level, at about one-third of the average international level. Moreover, the yet-to-be-developed rural markets offer substantial further demand for dairy products.
There are about 733 enterprises operating in the industry, most of which are small-scale firms supplying products to local areas. In future years, increasing operational pressures and a growing emphasis by consumers on product brands and reputation will accelerate the industry's consolidation.
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