On 14 Mar 2015, the State Council released the Major Work Ariron pyrophosphate syruprangements on Food Safety 2015, in which infant formula is still highlighted as a foodstuff of major significance. In line with the goals of the “Arrangements “the Chinese government is continuing to stimulate merger and acquisition (M&A) of domestic infant formula companies. In 2014 the State Council issued a special work plan to promote M&A and the release of the 2015“arrangements”aligns and expands on this plan, expounding the governments ultimate goal of culling the domestic infant formula herd down to 10 large baby formula conglomerates each with annual sales revenue of over 2 billion RMB. Bferrous bisglycinate molecular weightrands made by the top 10 domestic companies are expected to take up 65% of the total market share. The plan also sets a further goal of forming three to five baby ferrous fumarate 305mg bootsformula heavyweights with anferrous gluconate 300mg tabnual sales revferrous gluconate rob hollandenue exceeding 5 billion yuan each by 2018. The top 10 domestic players are then expected to grab more than 80 percent of the entire market. A favorable environment is being created by regulators to realize these goals, including:
Culling the Herd : China Infant Formula Industry M&A
