Research and Markets: Chinas Thriving Milk Market Report, 2008-2009

In the year of 1985, China produced 2.50 million tons milk and 2.89 million tons milk kinds; while in the year of 2007, China produced 35.25 million tons milk and 36.33 million tons milk kinds, with the compound annual growth rate of 12.78% and 12.19% respectively. Moreover, China produced 18.60 million tons milk in the first half of 2008, up 12.1% compared to the first half of 2007.

The growth of pasteurized milk consumption is much higher than the consumption of autoclaved milk; acidophilus milk consumption is still having the fastest growth, and its average annual growth rate exceeded 23% during 2001 to 2006. Infant milk powder consumption and milk powder consumption of middle-aged and old consumers are achieving fast progress. However, Chinese consumers still don’t like the taste of cheese.

According to the Ministry of Agriculture, China per capita milk consumption will reach 25 kilograms, the total milk & milk kinds output in China is expected to reach 42.50 million tons by year of 2030. Calculating by CNY21.16 million to produce 10,000 tons milk, the capital demand of China milk industry will surpass CNY13 billion by the year of 2030, of which 75%, 15%, 5% and another 5% will be respectively for breeding, processing, distribution and others such as machinery, service and personnel training etc.

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