Expanding Dairy Consumption Market in China
Driven by growing affluence, rising nutrition awareness, fast expanding retail chains and increasing dairy industry investment in promotion, China is consuming more and more dairy products and will become the largest dairy consumption market in ten years with the largest population. The average annual growth rate (AGR) of China's sales amount of dairy products was around 20% from 2010 to 2011, though the industry was badly hit by the 2008 melamine scandal. What is the future trend of China’s dairy...
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