Plant based food refers to a food that simulates the flavor and taste of animal food while keeping up with traditional plant based food in terms of nutritional composition. Under the promotion of "Healthy China 2030", people's awareness of nutrition and health consumption has been comprehensively improved, and plant nutrition has also been valued. According to data from Research and Markets, it is expected that the global plant-based market will grow to $35.5 billion by 2024, with a compound annual growth rate of 15%. Currently, more than 800 companies or brands have laid out plant-based tracks. With the expansion of the cream product market, the demand for cream processing line equipment has also grown strongly.
Foreign environment is under pressure, domestic production capacity is increasing, and domestic cream is entering a growth period
More than 80% of China's imported cream comes from New Zealand, and the supply and price are relatively stable. However, in 2022, due to various factors such as the international situation, the epidemic, and the supply chain, the import price of cream has increased significantly. According to customs data, the average import price of cream in 2022 was $3765 per ton, a year-on-year increase of 1.52%. Cream from European origin was directly affected by the Russia Ukraine war and was priced the highest. In this context, the import volume of cream has also declined, with China's import volume of cream reaching 255300 tons in 2022, a decrease of 6.4% compared to 2021.
In contrast, the advantages of domestic cream in terms of supply chain and cost-effectiveness are highlighted, which has also led some importers to look back at the domestic market. And the layout of domestic production capacity coincides with the current production situation of China's dairy industry. From various aspects of analysis, the cream processing line has a market driving force for rapid growth.
Since last year, the number of dairy cows on domestic farms has increased significantly, with China's milk production reaching 39.32 million tons in 2022, a year-on-year increase of 6.8%. Against the backdrop of a significant increase in production capacity, there is an oversupply of fresh milk. If powder spraying is used directly, profits will be lower and even losses may occur, leading many domestic factories to search for other product combinations to absorb excess production capacity. Compared to whole milk powder, the combination of "skim milk+cream" can achieve higher returns. Therefore, the industry generally expects that the market share of domestic butter will further increase in 2023.
In 2022, the market size of industrial packaged cream in China reached approximately 40000 to 50000 tons. With the end of epidemic control and the continuous innovation of cream in the application field, the market share will further expand. From various aspects of analysis, the use of cream processing lines can create good economic value.
Beyond Machinery specializes in the design and manufacturing of thin cream processing lines. We have rich experience and mature technology in the design and manufacturing of a complete set of thin cream processing line equipment. Our thin cream processing line equipment has been stably used in multiple countries around the world for a long time and plays a unique value. Contact us now to obtain customized solutions and the latest prices for the cream processing line.
