Skip to main content
  1. Market Insights
  2. Consumer
  3. Food
  4. Dairy Products & Eggs

Milk - China

China
  • Revenue in the Milk market amounts to US$67.82bn in 2024. The market is expected to grow annually by 9.55% (CAGR 2024-2029).
  • In global comparison, most revenue is generated India (US$71bn in 2024).
  • In relation to total population figures, per person revenues of US$47.34 are generated in 2024.
  • In the Milk market, volume is expected to amount to 23.49bn kg by 2029. The Milk market is expected to show a volume growth of 6.9% in 2025.0.
  • The average volume per person in the Milk market is expected to amount to 12.0kg in 2024.

Definition:

Milk is defined as a protein- and fat-rich opaque white or creamy-colored fluid. This combination of nutrients can also be milked from other animals such as sheep and goats, but from an economic perspective, cow's milk remains the world's most important dairy product.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Regular fresh milk
  • Full-fat milk, reduced-fat milk, low-fat milk, skimmed milk, semi-skimmed milk
  • Regular pasteurized milk, ultra-pasteurized (UHT) milk, raw milk
  • Flavored milk, barista milk
  • Lactose-free milk

Out-Of-Scope

  • Preserved and powdered milk
  • Yogurt drinks
  • Non-dairy milk substitutes
  • Out-of-home consumption

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Volume

Most recent update: Sep 2024

Source: Statista Market Insights

Most recent update: Sep 2024

Source: Statista Market Insights

Price

Most recent update: Sep 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Sep 2024

Source: Statista Market Insights

Analyst Opinion

The Milk Market in China is facing subdued growth due to various factors, such as declining birth rates and changing dietary preferences. Despite this, the market is still experiencing significant growth, driven by increasing demand for dairy products and the convenience of online shopping.

Customer preferences:
As China continues to experience rapid urbanization and economic growth, consumer preferences are shifting towards healthier and more convenient food options. This has led to a surge in demand for milk and dairy products, as they are perceived as a nutritious and convenient source of protein. Additionally, with the rise of e-commerce and online grocery shopping, consumers are increasingly turning to online platforms to purchase their dairy products, highlighting a growing trend towards digital consumption in The Food market.

Trends in the market:
In China, the Milk Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards plant-based milk alternatives, driven by increasing awareness of health benefits and environmental concerns. This trend is expected to continue, with the market projected to reach a value of $14.7 billion by 2025. This presents opportunities for industry stakeholders to diversify their product offerings and tap into the growing demand for alternative dairy products. However, it also poses a threat to traditional dairy producers, who may need to adapt their strategies to remain competitive in the evolving market landscape.

Local special circumstances:
In China, the Milk Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the country's large population and shifting dietary preferences. With the rise of the middle class and urbanization, there is a growing demand for high-quality dairy products, especially among the younger generation. Additionally, the Chinese government's efforts to improve food safety and regulate the dairy industry have also impacted the market dynamics. The country's unique cultural and regulatory landscape shapes the consumption patterns and production strategies in the Milk Market, making it distinct from other markets.

Underlying macroeconomic factors:
The Milk Market of the Dairy Products & Eggs Market within The Food market in China is influenced by several macroeconomic factors. One major factor is the country's economic growth, which has been steadily increasing over the years. This has led to a rise in disposable income and consumer spending, driving the demand for dairy products. Additionally, government policies promoting dairy farming and investments in the dairy industry have also played a significant role in market growth. Furthermore, China's growing population and changing dietary habits, with a shift towards a more Western diet, have also contributed to the increasing demand for milk and other dairy products.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

Contact

Get in touch with us. We are happy to help.