Guangda Group plans to set up the 5th dairy farm in Chongqing in December to boost its milk supply.
Vitasoy launches grain milk in mainland China, aiming to expand its business in the grain beverages market – a fast-growing market segment.
On 25 November, Beingmate announces that it will set up a wholly-owned subsidiary for production and sales of children's milk, aiming to acquire a share in this growing niche market.
On 21 November, Synutra announces the acquisition of Youthbase, a Shanghai-based brand with complementary channel positioning.
On 11 November, YST launches a HKD3.9 billion IPO in Hong Kong, aiming to raise capital for further business expansion.
On 15 November, Meiji Dairies announces its launch of fresh milk and yoghurt in Eastern China in December, moving on from its formula market exit.
New Hope Dairy announces its re-entry to the infant formula market in early 2014 with a range produced in and imported from New Zealand.
On 29 October, the State Council issues a draft amendment to the Food Safety Law which is notable for proposing harsher punishments for violators.
Several domestic dairy processors are raising their product prices this month, suggesting the potential for wider price increases for domestic dairy products in the near future.
China will relax its one-child policy, allowing couples to have two children if one of the parents is a single child, a move which is expected to be beneficial for the infant formula industry.
Japanese baby food producer Wakodo is establishing a JV with Tingyi, aiming to expand its business in the Chinese market – with Dutch-sourced product.
Cheese imports for 2013 overall are expected to hit 45,000 tonnes, with Shanghai and Beijing taking the lion's share.
As a leading market research consulting company in China with more than 10-year-experience, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer. For more information, please visit http://www.cnchemicals.com.