# Raw Milk Crisis

Milking the Past: The Structural Collapse of China’s Dairy Duopoly

China's dairy industry has transitioned from a stable duopoly to a 'one superpower' market dominated by Yili, as rival Mengniu falters. Falling birth rates, a glut of raw milk, and the failure of high-cost marketing strategies have plunged the sector into its most significant contraction in 15 years.