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Chinese Dairy Market Is Fluid As Consumers Move Away From Milk

April 28, 2017: 12:00 AM EST
Competition among Chinese dairies is fierce in the $55.2 billion market as consumers expand their choices from milk – where the market is flatlining – to yogurt, cheese and plant-based milk. The head of R&D for China’s Want Want processed foods company expects the market for plant-based – i.e., soy, milk, etc. – to double to $8 billion this year as families choose healthier foods. Not surprisingly, the company will be introducing its own line of plant-based milks this year.  Meanwhile, domestic and foreign companies are buying into Chinese dairy farms and developing new dairy products to drive consumer interest.
"China's Dairies Rush to Plant-Based Milk as Latest Health Trend", Bloomberg Markets, April 28, 2017, © BLOOMBERG L.P.
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