Core Viewpoint - The liquid milk industry in China is experiencing growth driven by government policies and increasing market demand, with a focus on quality improvement and brand development [3][4]. Group 1: Industry Overview - Liquid milk refers to liquid dairy products processed from raw milk through purification, homogenization, and sterilization, including various types such as fermented milk and pasteurized milk [1]. - The industry is characterized by a diverse range of products that cater to different consumer needs, providing essential nutrients and convenience [1]. Group 2: Policy Support - The Chinese government has implemented several policies to support the liquid milk industry, including the "14th Five-Year Plan for Dairy Industry Competitiveness Enhancement," aimed at promoting integrated development and quality improvement [3][4]. - Policies also focus on enhancing the entire supply chain and encouraging local brand development [3]. Group 3: Supply Chain Dynamics - The upstream of the liquid milk industry involves milk source supply, including feed production and dairy farming, which are crucial for ensuring the quality and stability of milk supply [5]. - An increase in feed production positively impacts the liquid milk industry by reducing costs and improving efficiency in dairy farming, thus enhancing milk yield [7]. Group 4: Market Trends and Future Outlook - The liquid milk industry is expected to continue innovating and expanding, driven by rising living standards and changing consumer preferences [1]. - A report by Huajing Industry Research Institute forecasts the development trends and investment directions for the liquid milk industry from 2025 to 2031, indicating a comprehensive analysis of market conditions and competitive landscape [8].