London, 04 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the dairy products market in China 2015-2019, which is expected to grow at a CAGR of 9.58% during the period of 2014-2019.
The market is likely to witness a rise in demand for yogurt, cheese, and natural and organic dairy products in the next five years. Also, the market growth is expected to be driven by the rising middle class population with increased disposable incomes and the growing demand for safe, premium quality, and fat-free dairy products.
“Manufacturers are introducing new products with added health benefits to cater to this growing demand,” says Faisal Ghaus, Vice President of Technavio.
“Innovative products such as spoonable and flavored yogurts for children have been introduced in the market.”
Key Market Drivers
- Increased Urbanization and Disposable Incomes
- Improved Domestic Cold Storage Facilities
- Increase in Health Consciousness
- Growing Product Portfolio of Dairy Products
Key Market Trends
- Increased Demand for High Quality Foods
- Global Expansion
- Growing Demand for Organic Products
- Innovation in Packaging Industry
Key Market Vendors
- Bright Food (Group) Co. Ltd.
- China Mengniu Dairy Co. Ltd.
- Hangzhou Wahaha Group Co. Ltd.
- Inner Mongolia Yili Industrial Group Co. Ltd.
- Want Want Holding Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
