TechNavio recognizes the following companies as the key players in the Dairy Products Market in China: Bright Food (Group) Co. Ltd., China Mengniu Dairy Co. Ltd., Inner Mongolia Yili Industrial Group Co. Ltd., and Nestlé S.A.
Commenting on the report, an analyst from TechNavio’s team said: “Due to increasing demand for milk and dairy products in China, the domestic production is falling short. Hence the supply does not meet the demand in China, hence there has been an increase in imports of dairy products by China from other countries. The imports have almost doubled since 2005 reaching almost US$2 billion in 2010. The country imports dairy products, ingredients used in products, and breeding cattle from other countries such as Australia, US, Canada, and New Zealand. This trend is pushing up the growth of the Dairy Products market in China. However, the rising prices due to imports may challenge the growth of the market. Hence, the trend will have positive as well as negative influences on the market during the forecast period.”
According to the report, one of the main drivers in this market is the changing population dynamics in the country. China is the most populated country in the world and will continue to grow in the foreseeable future. Coupled with the rise in income levels of consumers, this will lead to growing demand for dairy products during the forecast period.
Further, the report states that one of the main challenges in this market is the shortage in supply of dairy products in China, as companies are not able to meet the demand of consumers and supply is falling short of demand.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/dairy-products-market-china-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Dairy Products Market in China 2012-2016
