The market is dominated by domestic suppliers, as imports account for 13.6% of total market size in 2023. Households drive market demand, with household spending representing 76.3% of total demand in 2023. China has the largest market size for dairy products regionally, with demand reaching USD110 billion in 2023. Inner Mongolia Yili Industrial Group Co Ltd is the largest company in China, generating 23.5% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 52.2% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry increase by 0.3% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 7.5% of production value in 2023, the 17th highest regionally. With production value of USD79.6 billion, China accounts for 51.2% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Dairy Products in China: ISIC 152. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Dairy Products in China: ISIC 152 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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