The a2 Milk Company Ltd (Australia) (ASX: A2M) share price continues to climb, rising 2.22% on Wednesday to finish the day at $5.99 as investors demonstrate faith in the milk and instant formula market.
The a2 Milk Company says it produces milk which contains only the A2 protein, a healthier option, according to the milk company as it is free from the A1 protein and better for digestion.
The milk company has enjoyed significant growth, with the share price up from $1.73 a year ago, and it has notched up a 239.38% one-year return for investors.
While China's dairies continue to suffer from the fallout of a series of milk scandals stretching for more than a decade, foreign dairies and other alternatives enjoy scope to capitalise on a dairy market worth more the $50-billion in annual sales.
And The a2 Milk Company seems determined to further its push into the lucrative Asian markets. Just this morning it announced it has received an important new regulatory approval from the China Food and Drug Administration (CFDA) in order to import products into China from 1 January 2018. a2 management stating that it "looks forward" to the continued growth of its business in China on the back of this approval.
