Shanghai melbourne beijing has announced new rules to tighten the sale of overseas infant formula into china while encouraging local companies to buy foreign dairy producers setting a target to.
Chinese infant formula market.
The report depicts the global and chinese total infant formula market including.
Capacity production production value cost profit supply demand and chinese import export by statistical analysis.
The big catch however is the intense competition and logistical hurdles they will encounter in china s 25 billion baby formula market as they run up against local players who dominate in the.
According to euromonitor s cecilia yang the baby food market which includes infant milk formula is worth 128 billion yuan 18 billion in china and is estimated to increase to 160 billion yuan.
The 2008 chinese milk scandal was a significant food safety incident in china.
There were no reported illnesses but lab tests found low quantities of protein.
China s infant formula market has increased at a significant cagr during the years 2013 2018 and projections are made that the market will rise signifantly in the next four years 2019 2023.
China is anticipated to dominate the baby infant formula market in terms of both revenue and volume accounting for more two thirds of the share in asia pacific region in 2018.