CHINESE CHEESE MARKET FUELLED BY SNACK FOOD INNOVATION
September 30th, 2022
The Chinese are eating more cheese than ever.
China’s cheese market size reached Chinese Yuan Renminbi CNY/RMB6.32 billion in 2020 and is expected to grow at a CAGR of more than 8% during 2020-2025, according to a 2022 report from GlobalData, the market researcher that owns Just Food.
Chinese companies are responding – they produced about 373,000 tonnes of cheese in 2021, up 1.3% from 2020, according to the Beijing-based Intelligence Research Group (1), but it still did not meet China’s robust demand – a relatively modern phenomenon in a country that ...
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