Rabobank has published its 2022 Global Dairy Top 20 Report, which showed that Yili Group remains among the global top five with a turnover of USD 18.2 billion, firmly holding onto its top leadership position in Asia for the ninth consecutive year.
The company also achieved the highest growth rate within the top 20 at 31.7% and has drastically reduced the margins between the top four while making it challenging for the rest of those on the ranking to catch up by maintaining a strong momentum.
This year, the Rabobank Report highlights even more intense competition across the industry. Due to its acquisition of Ausnutria Dairy and strong domestic sales growth, Yili has become Asia’s first dairy producer to exceed RMB 100 billion (USD 14.85 billion) in turnover.
Innovation has helped Yili maintain its market leadership in its long-standing core liquid milk and ice cream businesses. The parent brand Yili and subsidiary brand Satine, AMBPOMIAL all broke the record of RMB 20 billion (USD 2.97 billion) in annual sales.
The milk powder and cheese businesses are also emerging rapidly. Yili’s retail sales of cheese products increased 6.3% YoY in market share. The Jinlingguan brand topped the milk powder segment regarding its growth rate. For more visit yili.com