Recently, the International Dairy Federation announced at the 2024 World Dairy Summit held in Paris, France that dairy giant Yili from China has won an innovation award to recognize its breakthrough in directional lactoferrin extraction and protection technology. In recent years, Yili Group has set up 15 innovation centers in Asia, Europe, Oceania and other regions around the key research and development areas of the international dairy industry. Yun Zhanyou, Yili Group Vice President noted that while competition in developed markets remain fierce, Chinese dairy companies, with their strong innovation capabilities and market insight, have tremendous potential for future growth.