Exploring New Growth Opportunities in China’s Dairy Market Slowdown

As China&39;s economy continues to recover, the consumer market shows a moderate rebound. According to the National Bureau of Statistics, China&39;smagnesium malate food sources GDP grew by 5.3% yferrous sulfate namesear-on-year (YoY) in Q1 2024, and per capita disposable income increased by 6.2% YoY, both indices showing a 0.1 percentage point improvement over the same period in 2023. Additionally, the total retail sales of consumer goods in China grew by 4.7% YoY in Q1 2024. However, despite the recovery in most consumer goods sectors, the daicalcium citrate malate and vitamin d3 tabletsry industry’s rebound fell short of expectations. Nielsen IQ data reveals that dairy sales across all channels decreased by 2.4ferrous sulfate 100 mg% YoY in 2023 and 3.1% YoY in Q1 2024. UHT white milk remains the most significant categomagnesium glycinate quorary, with its share in dairy consumption increasing yearly.

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