China dairy giant Mengniu believes that the direction for domestic dairy growth lies in the development of localised protein product innovation, especially in the form of ready-to-drink beverage formats.
The Inner Mongolia Autonomous Region local government has allocated specific funding for the development and revitalisation of the dairy industry in the region, aiming to work with local dairy giants Yili and Mengniu to maximise its potential.
Chinese dairy heavyweight Mengniu has urged the government to focus efforts on boosting local dairy self-sufficiency alongside its efforts to increase consumption, highlighting that a dependence on dairy imports is not an effective food security strategy...
Major Chinese dairy firm Mengniu saw its total revenue grow 14.7% to RMB$68.9bn (US$10.2bn) last year. However, its performance still paled in comparison to its top competitor, Yili.
Thailand and Indonesia in particular will take over from 10-year antipodean foray
Dominating the news headlines twice in one week is not something done often by dairy majors anywhere in the world, never mind Southeast Asia. But Chinese dairy giants have now signaled their intent to set up a major presence in a region ranked the world’s...