China Business Intelligence Network News: In 2022, China's dairy production will continue to grow, the industrial quality will be steadily improved, the proportion of large-scale breeding will be further improved, the quality of dairy products will continue to maintain a high level, and the reputation of domestic brands and international competitiveness will gradually increase.
Dairy production continues to grow
In 2022, the mainland dairy industry will continue to develop with high quality, and have achieved good results in raw milk production, dairy product processing, and product quality compared with the same period in history. According to data from the China Dairy Association, the national milk output in 2022 will be 40.265 million tons, a year-on-year increase of 6.6%; Dairy product output was 31.177 million tons, a year-on-year increase of 2.0%.
The pass rate of fresh milk sampling inspection in China is 100%; The overall sampling pass rate of dairy products was 99.88%; The average value of the total number of milk proteins, milk fat and colonies in raw milk reached the level of developed dairy countries in Europe and the United States, and the average value of somatic cell sampling was better than the EU standard. Melamine and other key monitoring prohibited additives sampling pass rate has remained 100% for 14 consecutive years. The China Business Industry Research Institute predicts that the competitiveness of the mainland dairy industry will continue to increase, and the output of milk and dairy products will reach 43.072 million tons and 32.357 million tons respectively in 2023.
Data source: China Dairy Association, China Business Industry Research Institute
Data source: National Bureau of Statistics, China Business Industry Research Institute
The quality of dairy production has steadily improved
In 2022, the proportion of large-scale breeding of more than 100 head in the country will reach 72%, an increase of 2 percentage points year-on-year. The average yield of dairy cows is 9.2 tons, an increase of 500 kg compared with 2021; more than 95% of large-scale pastures are equipped with full-mixed ration mixers, and 100% of raw milk production is mechanized milking. Analysts at the China Business Industry Research Institute predict that the proportion of large-scale breeding of more than 100 head in China will reach 74% in 2023, and the average yield of dairy cows will reach 9.7 tons.
Consumption growth flattened
In 2022, the main business income of dairy processing enterprises above designated size will be 471.73 billion yuan, a year-on-year increase of 1.1%, a decrease of 10.6 percentage points; the per capita consumption of dairy products will be 42 kg, 0.6 kg less than in 2021; the average purchase price of raw milk in dairy owners will be 4.16 yuan / kg, which has declined for the first time in four years. Analysts at the China Business Industry Research Institute predict that the main business income of dairy processing enterprises above designated size in China will reach 500.2 billion yuan in 2023.
The competitiveness of China's dairy industry continues to increase
The domestic dairy industry started early, has experienced quality crisis, industry reshuffle, transformation and adjustment and other development stages, has become a relatively mature food industry, with a high degree of marketization and fierce industry competition. At present, the mainland has formed a market pattern in which a few national dairy enterprises, several regional dairy enterprises and many local dairy enterprises coexist, and the two leading enterprises in the industry are Yili and Mengniu Dairy, with a total market share of 43%. The market shares of the major players in the industry are as follows:
Data source: China Business Industry Research Institute
From the perspective of operating conditions, in the first half of 2023, the total revenue of 36 listed and listed dairy enterprises was about 197.99 billion yuan, and 13 achieved double growth in revenue and net profit, accounting for more than one-third. In terms of revenue scale, Yili (65.982 billion yuan), Mengniu Dairy (51.119 billion yuan), Bright Dairy (14.139 billion yuan), China Feihe (9.735 billion yuan), and Youran Dairy (9.077 billion yuan) ranked in the top five.
Source: China Business Industry Research Institute
For more information, please refer to the "China Dairy Market Prospect and Investment Opportunity Research Report" released by the China Business Industry Research Institute, and the China Business Industry Research Institute also provides industrial big data, industry intelligence, industry reports, industry white papers, feasibility study reports, investigation and evaluation, industrial planning, park planning, industrial chain investment map, industrial investment guidance, project packaging planning, industrial investment promotion and promotion conference and other consulting services.