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San Francisco, CA (PRWEB) February 16, 2013
After strong and steady growth for more than a decade, China's dairy industries were severely affected by the melamine scandal of September 2008, when melamine was found in infant formula and other milk products. This major incident led to the bankruptcy of Sanlu, the largest milk powder producer in China, and plummeting confidence in domestic dairy brands. International trade was also affected as exports dropped to almost zero and imports increased sharply. Over the five years to 2012, revenue for the Dairy Product Production industry in China grew at an annualized rate of 14.6% to $43.3 billion.
There are about 750 enterprises operating in this industry, most of which are small or medium in size. The four largest enterprises, Mengniu, Yili, Bright and Sanyuan, jointly account for about 42.9% of industry revenue in 2012, showing a moderate industry concentration level. The concentration level differs across regions and is higher in provinces in the North East China and North China regions.
China is currently the third-largest dairy producer in the world, after India and the United States. However, per capita consumption of dairy products in China is less than one-quarter of the global average and lower than in many other developing countries, largely due to Chinese dietary patterns and lower living standards. Moreover, dairy product consumption varies considerably across China. Demand is very high in urban areas but per capita consumption in rural regions is less than 10.0% of that in urban areas.
With rising household incomes, the introduction of new dairy products and high demand potential from rural markets, the outlook for the Dairy Product Production industry is bright. IBISWorld anticipates that medium- and high-end product segments will account for an increasing share of total revenue; however, the low-end market will continue growing in terms of volume, especially in less-developed economic regions with lower per capita incomes.
For more information, visit IBISWorlds Dairy Product Production in China industry report page.
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IBISWorld Industry Report Key Topics
Firms within the Dairy Product Production industry in China purchase cattle milk, sheep milk and other raw materials to produce liquid milk and dairy products. Enterprises cleanse, sterilize, homogenize, concentrate, dry and ferment products, and then the finished milk and dairy products are packaged and sold to wholesalers and retailers for resale to final consumers.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Read the full story at http://www.prweb.com/releases/china/dairy-products/prweb10414621.htm.
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