Yili New Products Reveal Big Plans for China’s Health Industry
May 13, 2020
In 2019, Yili, the No.1 dairy enterprise in China, recorded total revenue of 90.223 billion yuan, an increase of 13.41% from a year earlier, and a net profit of 6.951 billion yuan, a year-on-year increase of 7.73%.
In recent years, Yili has been actively expanding its product portfolio and expanding its reach into health-related foods. The dairy giant has gradually expanded into plant-based beverages, functional beverages, milk mineral beverages, coffee, bottled water, milk tea, fruit tea, and sparkling water, etc.
According to the "Outline of Healthy China 2030 Plan" issued by the State Council, the total size of the health industry will exceed 8 trillion yuan by 2020 and 16 trillion yuan by 2030. Driven by increasing demand, China’s health-related foods sector offers great potential for investors.
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