date:Aug 11, 2014
The demand for the product is said to exceed that of flavoured milk as well as grain, nut, rice and seed milk alternative drinks. According to Canadean, this is mainly due to significant and sustained investments taking place in the Chinese yoghurt market.
In May last year Mengniu and Danone signed a framework agreement to establish a joint venture for the production and supply of chilled yoghurt products. At the same time Mengniu increased its stake in China Modern Dairy to 28 percent. Yili Gr