DAIRY
China’s Cheese Market Keeps Fast Growth
BY Shine HuJul 22, 2020
Chinese cheese market shows a rapid upward trend and it is predicted that the market size (retail sales) will reach 7.86 billion yuan in 2020, with a year-on-year growth of 16.96%. Children's cheese, represented by cheese sticks, has become Chinese cheese market’s pillar segment. Although China’s cheese market is dominated by imported brands, it is expected that the market share of domestic brands will increase greatly in 2020 under the impact of COVID-19 epidemic.
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Expanding market size

China's cheese consumption is still in a primary stage and the retail sales only accounted for 2% of China's dairy consumption in 2019 [1]. However, this segment has become a dairy product segment with promising growth potential, and showed a rapid upward trend. According to the Report on the Current Situation and Development Prospects of China's Cheese Industry in 2020 [1], the market size (retail sales) of China's cheese industry in 2019 reached 6.72 billion yuan, with a year-on-year growth of 15.27%. It is predicted that China's cheese market size (retail sales) will reach 7.86 billion yuan in 2020, with a year-on-year growth of 16.96%.

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Shine Hu
ChemLinked Research Analyst
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