Chinese dairies crack the ranks of the world's 15 largest firms
Nestle, Danone and Lactalis remain on the top of the list.
In Rabobank's newest report ranking the 20 largest companies in the global dairy industry, two Chinese players (Yili and Mengniu) moved up on the list, while Kraft Foods and other U.S.-based firms slipped down.
In the report, published by Rabobank’s Food & Agribusiness Research and Advisory team, the bank says that while the top five dairy players continue to drive consolidation and maintain a firm hold on their positions, elsewhere in the sector there is much movement.