It is very possible, even more than 80 fold in next 5 years as a2m is unique..
No competitors with another a2 milk.. a2 protein only plus clean green NZ products.
Korea is not clean and green.. its grey.
This will give u more confidence.
Korean powdered milk producers eye growing Chinese market
Published: 2016-03-09 14:03
Updated: 2016-03-09 14:03
Korean powdered milk producers are in the midst of expanding their foothold in China, seeking to cash in on the growing popularity of imported dairy products among the increasingly health-conscious Chinese consumers, industry officials said Wednesday.
The Korean milk companies also view the vast Chinese market as a new frontier to resolve their worsening inventory problems, they said.
Korean powdered milk (Yonhap)
Chinese purchases of foreign milk powder have grown rapidly since domestically produced milk tainted with an industrial chemical killed six children and sickened about 300,000 in 2008.
China imported $2.47 billion worth of infant milk formula in 2015, up 59.6 percent from a year ago, according to the data compiled by the Korea International Trade Association (KITA).
While Western products enjoy massive popularity, Korea took ninth place with a 3.5 percent market share, or $939.7 million in sales in 2015.
The fast-growing Chinese market opens up opportunities for Korean milk producers as they have been grappling with increasing milk inventories due to an oversupply and sluggish consumption amid a falling birthrate.
To attract safety-conscious parents, major Korean companies are stressing food safety and formula optimized for Asian babies, and have joined hands with local partners for nationwide distribution.
Maeil Dairies Industry, Korea's largest dairy firm, launched an Asian infant formula research center in China in November and plans to form a joint venture with China's Beingmate Baby & Child Food to develop lactose-free dried milk.
Maeil has partnered with major Chinese online marketplaces to sell their products in the mainland, while selling products at local duty-free shops.
As a result, its sales of powdered milk in China jumped from $6.3 million in 2011 to $470 million in 2015.
No. 2 player Namyang Dairy Product, which entered the Chinese market in 2008, has stepped up efforts to expand its sales channel through online marketing and a partnership with local distributors.
In October, the company launched a dried milk brand targeting the Chinese, selling it through Jingdong's direct online sales site.
Namyang said it posted $350 million in sales last year in China and aims to grow 10-20 percent this year.
(Yonhaphttp://m.koreaherald.com/view.php?ud=20160309000645&RURL=#jyk
- Forums
- ASX - By Stock
- Congrats to A2m milk
It is very possible, even more than 80 fold in next 5 years as...
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add A2M (ASX) to my watchlist
|
|||||
Last
$5.56 |
Change
0.030(0.54%) |
Mkt cap ! $4.025B |
Open | High | Low | Value | Volume |
$5.50 | $5.61 | $5.49 | $7.155M | 1.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | $5.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.57 | 11611 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6277 | 5.540 |
3 | 11143 | 5.530 |
3 | 10486 | 5.520 |
3 | 8249 | 5.510 |
5 | 14013 | 5.500 |
Price($) | Vol. | No. |
---|---|---|
5.570 | 11611 | 5 |
5.580 | 8280 | 2 |
5.600 | 7280 | 1 |
5.610 | 8833 | 2 |
5.620 | 2500 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
Featured News
A2M (ASX) Chart |