Chinese Dairy & Soy Food sector accounted for a volume share of 8.2% of the global market and 21.4% of the regional (Asia-Pacific) market in 2016. The sector was valued at C¥333,551.1 Million (US$50,658.6 Million) in 2016 and is forecast to grow at a CAGR of 9% during 2016-2021. Increasing disposable income and high degree of employment are the key growth drivers for the Dairy & Soy Food sector in China.
Milk is the largest with value sales of C¥175,106.2 Million (US$26,594.6 Million) in 2016. While the Drinkable Yogurt market is expected to record the fastest CAGR of 18+%. Health & Wellness attributes such as ‘Naturally Healthy’ and consumer benefits such as ‘General Wellbeing’ are the most sought after Health & Wellness claims in the Chinese Dairy & Soy Food sector.
Hypermarkets & Supermarkets is the leading distribution channel in the Chinese Dairy & Soy Food sector, accounting for a total value share of approximately 40% in 2016. On-trade transactions accounted for 28+% in the distribution of Dairy & Soy Food products in China, in the same year. Paper & Board is the most commonly used packaging material in the Chinese Dairy & Soy Food sector, followed by Flexible Packaging and Rigid Plastics.
China’s GDP per capita grew at a CAGR of 8% during 2011-2016. A high GDP growth rate coupled with a high proportion of younger demographics make China an attractive investment destination for consumer goods companies and is expected to have a positive influence on the Dairy & Soy Food sector.
Mengniu is the leading brand in the Chinese Dairy & Soy Food sector. The top five brands in the sector accounted for 47.8% value share, while private labels held 4.9% share by value in 2016.
The report Country Profile: Dairy & Soy Food Sector in China provides insights on high growth markets to target, trends in the usage of packaging materials, category level distribution channel data and market share of brands.
In particular, this report provides the following analysis -
Market data: Overall market value and volume data with growth analysis for 2011-2021. The overall market value and volume included in the report is split on the basis of On-trade and Off-trade
Category coverage: Value and growth analysis for Butter & Spreadable Fats, Cheese, Cream, Dairy-Based & Soy-Based Desserts, Drinkable Yogurt, Fromage Frais & Quark, Milk, Soymilk & Soy Drinks, and Yogurt with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
Distribution data: Percentage of sales within each market through distribution channels such as On-trade, Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
Packaging data: Consumption breakdown for packaging materials and container types in each market, in terms of percentage share of number of units sold. Packaging material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; container data for: Carton, Film, Bag/Sachet, Tub, Wrapper, Bottle, and Tube.
Companies mentioned in this report: Arla Foods, Bright Food (Group) Co., Ltd., Fonterra Co-operative Group, Groupe Lactalis, Ornua Co-operative Limited, Royal FrieslandCampina N.V., Savencia SA, Shanghai Gaofu Longghui Foods Co., Ltd., Westland Co-Operative Diary Co., Richardson International, Savencia SA, Ambrosoli S.p.A
The Dairy & Soy Food sector in China is forecast to grow at 9% CAGR in value terms during 2016-2021
Per capita consumption in the Milk market is noticeably higher compared to other markets in China
Hypermarkets & Supermarkets is the largest distribution channel in the Chinese Dairy & Soy Food sector
Mengniu is the leading brand in the Chinese Dairy & Soy Food sector
Paper & Board is the most commonly used packaging material in the Chinese Dairy & Soy Food sector
Reasons to buy
Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
Manufacturers can identify the opportunities to position products with H&W attributes/benefits
Access the key and most influential consumer trends driving Dairy & Soy Food products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector
Analysis on key macro-economic indicators such as GDP per capita, population (overall and breakdown by age), and consumer price index. It also covers a comparative analysis of political, economic, socio-demographic, and technological indicators (PEST) across 50 countries.