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.
New Zealand’s second biggest dairy cooperative, Westland Milk Products, has recovered from a loss in the 12 months ended July 31, 2016, to post a break-even profit before tax for the 2016-17 financial year.
Müller said it will invest £100m ($113m) over the next three years to develop, manufacture and market a new generation of branded and private label yogurt and desserts products made from milk produced by British farmers.
Grupo LALA posted $789m in net sales for the first quarter of 2017, an 18.3% increase compared to the same period last year, which the dairy company credits to a product mix that continues to evolve towards a value-added portfolio.
Royal DSM N.V. has expanded its range of natural food protection solutions with the launch of a new range of protective cultures that increase the shelf life of dairy products such as yogurt, sour cream and fresh cheese.