One of the key factors contributing to this market growth is the changing population dynamics. The Dairy Products market in China has also been witnessing an increase in imports of dairy products. However, shortage in the supply of dairy products could pose a challenge to the growth of this market.
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.
The key vendors dominating this space include:
Bright Food (Group) Co. Ltd.
China Mengniu Dairy Co. Ltd.
Inner Mongolia Yili Industrial Group Co. Ltd
Nestlé SA.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
05. Introduction
06. Leading Milk Production Countries
07. Market Landscape
08. Market Segmentation by Product
09. Market Segmentation by Distribution
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
Source: 4-Traders