Chinese cheese market in 2021: Explosive growth in consumption, competition will enter the final stage

Published 2021년 7월 21일

Tridge summary

China's cheese market is witnessing rapid growth with a doubling of per capita consumption to 0.23 kg in 2020 and a 66.4% increase in imports in the first five months of 2021. The market is being driven by the children's cheese stick market, with a compound growth rate of 22.6%, reaching over 10 billion yuan in 2021. Despite this growth, China's cheese consumption still lags behind developed countries, accounting for less than 2% compared to their 20-40%. However, there is potential for the market to grow further, especially in cheese snacking and specialty cheeses. The future of the market depends on innovation, understanding consumer needs, and building brand awareness.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cheese, known as the "gold in milk", is ushering in the "golden period" of development in my country. In 2017, the per capita consumption of cheese was still less than 0.1 kg, and in 2020 this figure has doubled to 0.23 kg. As of May this year , my country’s cheese imports increased by 66.4% year-on-year, showing a rapid "explosive" growth. Why has the cheese market become a new growth point in my country's dairy consumption? Compared with Western countries, what gaps and opportunities still exist in my country's cheese consumption? Recently, the 12th China Dairy Industry Conference, 2021 China Dairy Industry Exhibition and the 2021 China Dairy Industry Top 20 (D20) Summit were held in Hefei. Industry professionals had a lively discussion on the development opportunities and challenges of China's cheese industry. Significant increase for three consecutive years Cheese has become an "explosive" growth point of dairy consumption From the data point of view, my country’s cheese ...

Source: Chinaeconomy