China to See Higher Demand for Infant Milk Powder, Predicts CRI in Its Report Published at MarketPublishers.com
11 Jan 2017 • by Natalie Aster
LONDON – China boasts over 100 manufacturers of infant milk powder, and the number of brands has surpassed the 1,000 mark long ago. CR5 of sales revenues in the local industry were 30% lower in 2015-2016, while the rate stands at around 85% in developed countries.
The competition in the Chinese infant milk powder industry is very intense. Besides, there are many safety issues as a result of the usage of illegal ingredients and low-quality materials by manufacturers. The local government takes measures to reinforce regulations to solve these issues.
There were fluctuation in the infant milk powder output over the period 2011-2015 given overcapacity this industry faces and introduction of stricter policies. It dropped to a certain extent in 2011 and 2012, increased in 2013 and declined once again in 2014 and 2015.
The local demand is dependent on the birth rate and the breastfeeding rate. China is a large importer of infant milk powder, with large quantities of it being imported on an annual basis. This is a result of the unstable quality control and high prices for local products. And the EU is the number one supplier of the powder.
In 2015, for instance, the country imported more than 175,900 tons, up by 45% Y-o-Y. The country’s demand for infant formula milk powder is set to increase in the coming years.
Cutting-edge research report “China Infant Milk Powder Industry Overview, 2017-2021” developed by CRI offers an in-depth analysis of the Chinese infant milk powder industry. The study starts with a detailed overview of the industry environment. It covers supply and demand trends.
The report limelights the competitive landscape and focuses on top 5 enterprises. The research study throws light on raw material cost trends as well as retail prices in the country. Future projections for the industry through 2021 are on hand in the research report, too.
More insightful studies by our partner can be found at CRI page.