2019 China Milk Powder Market Recap: Demand for Imports Still Strong
BY Jocelyn SunApr 16, 2020
In 2018, milk powder imports surpassed the gross domestic product for the first time. In 2019, import volume further increased, with a YoY growth of 20.8%, further widening the gap between domestic output and import volume. In 2019, the market share of the top ten milk powder enterprises kept rising, growing by 2.9% and accounting for 75.4% of the market. The share of the top 3 companies was 36.9%, and the share of the top 5 was 49.6%. Although the revenue of China’s milk powder industry decreased in 2018, the total profit still maintained a 7% YoY growth, and the asset scale of the whole industry also expanded.

Import Volume Increasing

Since 2016, China's milk powder domestic output has been on a downward trend. Although China's milk powder output reached 1.052 million tons in 2019 [1], ending the continuous decrease, the year-on-year increase was only 2.4%.

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Jocelyn Sun
ChemLinked Brand Strategist
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