date:Jul 12, 2012
ry is expected to grow at 16.57% CAGR in the next five years.
Meanwhile, the China infant formula market has undergone a period of major transition from high demand for milk powder in the domestic as well as in international markets to a sudden fall in retail sales from 2008 to 2010 following Chinas melamine-tainted food scandal. The Chinese domestic milk formula market is facing challenges from foreign-owned brands which have become more popular.