China butter imports expected to increase in 2024

Published 2024년 9월 5일

Tridge summary

The USDA Dairy World Markets and Trade report forecasts a rise in China's butter imports in 2024 due to increased domestic consumption across various sectors such as bakery products, yogurt, ice cream, and food services. High-end food processors, especially premium bakeries, prefer butter over plant-based alternatives. Despite a slight increase in China's domestic butter production, it is expected to remain inadequate for premium uses, leading to continued reliance on imported butter, primarily from New Zealand and the EU.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2024, China's butter imports are projected to increase due to higher domestic consumption although growth may be dampened, according to a recent USDA Dairy World Markets and Trade report. The demand for butter, including cream and anhydrous milk fat (AMF), is growing across various sectors such as bakery products, yogurt, ice cream, and food services. High-end food processors, especially premium bakeries, prefer to use butter over plant-based alternatives. This increase in demand has led to a 10 percent increase in butter imports in the first half of 2024, particularly from New Zealand and the EU China's domestic butter production is forecast to see slight growth due to increased dairy processing activities amid a surplus in fluid milk production. However, the quality of domestically produced ...

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