China’s dairy market: How a population known for lactose intolerance became the world’s largest dairy importer
With over 90 billion USD (RMB 572 billion) in revenues and nearly 28 million tons of products consumed in 2020, China is the world’s second-largest dairy market after the US and the world’s largest one by dairy imports. China’s total dairy consumption volume kept on fluctuating in the past five years, but the growth outlook […]
How to Explain the Growing Appetite for Dairy Products in China?
Kantar Worldpanel research shows that the average consumption of dairy products for China’s urban households in 2015 was 59.7 liters, which is less than one-fifth of the EU countries. China still has one of the lowest levels per-capita consumption of milk in the world. According to HSBC analyst Christopher Leung, China’s current level of UHT […]