Skip to content
International News

Yili Remains among the Top 5 in Rabobank’s 2023 Global Dairy Top 20 Report

Yili Group 2 mins read
Yili remains among Rabobank's global top five dairy producers as a result of its stellar financial performance.
UTRECHT, Netherlands, Aug. 31, 2023 /Xinhua-AsiaNet/--

According to Rabobank's 2023 Global Dairy Top 20 Report, Yili once again retained its spot among the top 5 as the only Asian dairy producer, securing its top leadership position in the region's dairy industry for 10 consecutive years.

Based on the financial performance of major dairy producers, the ranking reflects Yili's long-term resilience in the face of a volatile global economic landscape.

Leveraging the competitive advantage established across the value chain, Yili has maintained a steady growth in total revenue over the last 30 years. In the past decade, Yili's revenue has increased from 47.779 billion Chinese yuan (USD6.55 billion) in 2013 to 123.171 billion Chinese yuan (USD16.9 billion) in 2022, translating to a compound growth rate of 11% - double the industry average.

Yili's decades-long steady growth goes hand in hand with the company's global resources and innovation collaboration network, as well as its efforts to continuously develop nutritious and healthy dairy products in response to the full-lifecycle needs of consumers.

Yili has invested heavily to expand its R&D footprint across the globe, establishing a total of 15 innovation centers at home and abroad. By the end of December 2022, Yili ranked second among the top 10 global dairy companies in terms of total patent applications and invention applications. Besides the liquid milk business in which Yili has a competitive advantage, it is also riding the new consumption trend of diversified healthy food and beverage, pivoting to other high-growth segments including organic dairy products, dairy and plant-based nutraceuticals, cheese and natural mineral water.

With the goal of becoming a leading innovator, Yili is also an industry pioneer in building digital operation platforms covering product innovation, supply chain management, omni-channel expansion, and consumer experience. The company's product iteration and innovation as well as service quality upgrade operations are guided by the results of big data analysis and algorithmic forecasting. These digital solutions also enable Yili to establish a comprehensive product traceability system. The company also taps into AI-related innovations, developing its own virtual human, meta-universe factories, and GPT application products for a more diversified consumer experience.

To bring the benefits of nutrition and health to more consumers, Yili is accelerating its growth in global markets, achieving a 52.2% year-on-year revenue increase in overseas business last year. In addition to Europe, Oceania and other regions with sufficient dairy intake, Yili has also invested in Southeast Asia, where its "dual centers" -- Yili's Thai subsidiary and Indonesia production base -- act as the engine for Yili to serve the local market. Leveraging the innovation cooperation platforms jointly set up with local universities and R&D institutions, Yili has launched tailor-made products in response to local consumers' demands. Various Yili products including Cremo, Joyday, AMBPOMIAL and Youngfun are now available in the Southeast Asian market.

To date, Yili has established 75 production bases across the globe, collaborating with more than 2,000 partners. The diversified range of products, including liquid milk, milk powder, yogurt, cheese and ice cream, can be found in more than 60 countries and regions. The Yili brand has also attained global popularity, and has been recognized as the World's Most Valuable Dairy Brand by Brand Finance for four consecutive years.

Source: Yili Group


More from this category

  • International News, Political
  • 24/05/2024
  • 09:30
Charles Darwin University

Victim-blaming, manipulation, and denial: How terrorists use language to justify violence

Victim-blaming, denial and reversal are among the tactics used by terrorists to justify their violent actions and influence audience perceptions of harm and agency,…

  • Contains:
  • International News, Political
  • 23/05/2024
  • 10:51
Monash University

Monash Expert: UK election announced

British Prime Minister Rishi Sunak has announced 4 July as the date for the UK general election, despite commentators predicting an election later in the year. A Monash University expert is available to talk about why the Prime Minister may have brought the election date forward and the outlook for both major parties. Associate Professor Ben Wellings, Politics and International Relations Contact details: +61 421 470 181 or Read more of Associate Professor Wellings’ commentary at Monash Lens The following can be attributed to Associate Professor Wellings: “Despite the Conservatives trailing by 20 points in the polls no-one should…

  • Foreign Affairs Trade, International News
  • 21/05/2024
  • 14:55
Monash University

Monash Expert: New Caledonia unrest

Riots in New Caledonia have left Australian tourists stranded, prompting the federal government to send rescue flights to pick up stranded tourists. A Monash University expert is available to talk about the civil unrest and its implications for Australia. Dr Nicholas Ferns, ARC DECRA Fellow, School of Philosophical, Historical and International Studies Contact: +61 3 9903 4840 or The following can be attributed to Dr Ferns: “After the French National Assembly voted to change voting laws in its overseas possession of New Caledonia, riots have erupted causing at least six deaths and considerable damage to property. French authorities have…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.