Cheaper production costs and higher quality products have led foreign companies to dominate most Chinese dairy markets, but high margins and booming demand have put local firms in pole position in the yoghurt market.
JSC Vietnam Dairy Products (Vinamilk) has signed a strategic cooperation with nutrition company Royal DSM, to apply international standards on nutrition powdered milk products for children and consumers in Vietnam.
Brazil, Russia, India, China – as well as Mexico – are the fastest growing markets for functional dairy products, according to a Euromonitor International presentation given last week at the Healthy and Functional Dairy event.
With dwindling domestic supplies, China’s move to buy up huge quantities of milk from international markets is having a significant impact on buyers in other countries, while also bolstering dairy prices across the world.
Royal Friesland Campina is poised to complete the takeover of Filipino firm Alaska Milk Corporation (AMC) for total sum of around €350m, in a move it said gave it access to 100m consumers in a ‘high growth’ market and the opportunity to 'valorise...