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Chinese dairy market to grow by 6.6% CAGR until 2022 – research

The Chinese dairy market is forecasted to grow by 6.6% CAGR until 2022 with consistent sales increases predicted for yogurt and cheese, according to new research from Mintel.

Since 2014 yogurt has posted an annual retail sales growth of over 20% in China, and between 2015 and 2017 cheese saw a growth rate of between 15% and 25%.

The news follows research published last year which predicts that China will overtake the US as the world’s largest dairy market by 2022.

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