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China Yogurt Market is Estimated to Reach RMB 481.2 Billion by 2032, Grow at a CAGR 11.8% between 2022-2032
Published : April 2022

According to a research reports, published by Sheer Analytics and Insights China yogurt market was valued RMB 130.5 billion in 2021 and it is expected to reach RMB 481.2 billion at the CAGR of 11.8% during the forecast period between 2022 and 2032.. This country has become one of the fastest-growing markets for consumers in producing dairy and non-dairy products such as yogurt. There are two types of yogurt available in the Chinese market, for example, flavored and non-flavored yogurt. The high speed of Chinese economic extension has proved to be the main reason for industrial growth. Although China has been enjoying the expansion of its industries and companies, they are also suffering from the least investments and lack of innovative productions. Companies are collaborating with dairy farms to ensure good supply of raw materials for yogurt drinks production. It is estimated to create a positive impact over the forecast period. The government aims to provide guidance for dairy farms to operate better and superior R&D in China.

China’s distributional channel is divided into independent small grocers, supermarket/hypermarkets, online stores, and convenience stores. Moreover, these convenience stores held most of the share of 47.8% in the China yogurt market. However, the online store channel is going to be the largest distributional segment during the upcoming forecast period between 2022 and 2032. China is promoting drinkable yogurt as an essential beverage for good health, which is further expected to increase the market growth. The demand for organic yogurt product is also growing significantly in the market of China. These products are prepared from natural sources. It improves immune system of the body; therefore, Chinese consumers are prone to purchase this type of yogurt for the benefit of their health. Hence, it helps the industries to produce more organic and drinkable yogurt for their customers.

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East China held the largest share yogurt market in 2020 due to its higher growth of GDP. Additionally, North China was in the second position for holding the distributional and supply chain across the country. Furthermore, North & East China is expected to hold maximum share during the forecast period in China yogurt market.  

National key players are Junlebao Dairy Group, China Mengniu Dairy, Danone SA, Bright Dairy, Chobani LLC, Yili Group and others dominating the China yogurt market. Apart from these companies, several international industrial players are also showing interest to invest in China yogurt market by producing traditional dairy and non-dairy products for Chinese consumers including both adults and children. After the COVID-19 pandemic hit the world, yogurt industries has adopted many measures to protect their employees and secure supply chains in the market. During initial days of COVID-19 grocery stores were shut down but later online grocery stores have created a massive spike. However, key players of China yogurt market are looking forward to adopt various strategies to reform their business over the forecast period. 

The China Yogurt Market Has Been Segmented Into:

China Yogurt Market – by Type:

  • Flavored
  • Non-Flavored

China Yogurt Market – by Fat Content:

  • Regular
  • Fat-Free
  • Low-Fat

China Yogurt Market – by Form:

  • Set Yogurt
  • Free Yogurt
  • Greek Yogurt
  • Drinkable Yogurt
  • Frozen Yogurt
  • Others

China Yogurt Market – by Form:

  • Tier 1
  • Tier 2
  • Tier 3 and below

China Yogurt Market – by Distribution Channel:

  • Supermarket
  • Hypermarket
  • Independent Groceries
  • Small Market
  • Convenience Stores
  • Others

China Yogurt Market - By Geography

  • China

Click full report at https://www.sheeranalyticsandinsights.com/market-report-research/china-yogurt-market-21

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