Asia Pacific Dairy Products Market to Grow with a CAGR of 4.81% through 2030
The
Asia Pacific dairy products market is driven by rising health awareness,
urbanization, increasing disposable incomes, and growing demand for
high-protein and functional dairy products across emerging economies in the
region
According to
TechSci Research report, “Asia Pacific Dairy Products Market – By Country, Competition,
Forecast & Opportunities, 2030F”, the
Asia Pacific Dairy Products Market was valued at USD 215.87 billion in 2024 and
is expected to reach USD 285.12 billion by 2030 with a CAGR of 4.81% during the
forecast period. The Asia Pacific dairy products market is a dynamic and
rapidly evolving sector that reflects both traditional preferences and the
influence of modern global food trends. This market encompasses a broad range
of dairy products, including milk, cheese, yogurt, butter, and various
value-added dairy items such as functional and fortified dairy products. The
Asia Pacific region, which includes countries such as China, India, Japan,
South Korea, and Southeast Asian nations, represents a diverse landscape with
varying levels of dairy consumption and production. However, the region is
characterized by growing dairy demand, driven by factors such as rising
disposable incomes, urbanization, changing dietary habits, and increasing
awareness of the nutritional benefits of dairy consumption.
In
recent years, there has been a significant shift in consumer preferences, with
dairy products being perceived not just as a source of essential nutrition but
also as a health-promoting food. This change has driven the popularity of
fortified and functional dairy products that offer additional health benefits,
such as probiotics, vitamins, and minerals. Probiotic yogurts and fermented
milk drinks are particularly popular in countries like Japan and South Korea,
where digestive health is a priority for many consumers. As awareness of these
health benefits spreads throughout the region, dairy producers have been
innovating to offer dairy-based products that cater to specific health needs,
such as immunity-boosting drinks, calcium-enriched products for bone health,
and lactose-free variants to accommodate lactose-intolerant consumers.
Despite
these growing opportunities, the Asia Pacific dairy market faces some
challenges. Lactose intolerance is a common issue in many countries, including
China, Japan, and Southeast Asian nations, where a significant portion of the
population has difficulty digesting lactose, a natural sugar found in milk.
This presents a hurdle for traditional dairy products, limiting their
consumption among certain demographic groups. Consequently, there has been a
rise in plant-based dairy alternatives, such as soy milk, almond milk, oat
milk, and coconut-based dairy products, which are gaining traction among
consumers seeking lactose-free, vegan, or environmentally friendly options. As
a result, dairy producers are expanding their portfolios to include both
traditional dairy items and plant-based alternatives to capture a larger market
share and cater to changing consumer preferences.
Additionally,
as more consumers adopt healthier lifestyles, the demand for premium, organic,
and artisanal dairy products has been on the rise. Dairy products such as
organic milk, cheese, and yogurt, as well as specialty butter and flavored
dairy items, are becoming more popular among the growing middle class in the
Asia Pacific region. This trend is especially evident in countries like Japan,
Australia, and New Zealand, where premium dairy products are often associated
with higher quality and superior taste. As disposable incomes increase,
consumers are more willing to spend on higher-quality dairy products, and the
demand for gourmet dairy items has grown.
Browse over xx
market data Figures spread through xx Pages and an in-depth TOC on
"Asia Pacific Dairy Products Market”
The Asia Pacific Dairy Products market is segmented into product type, sales channel and country.
Based on the sales
channel, the online segment is emerging as the fastest-growing distribution
channel in the Asia Pacific dairy products market. This growth is driven by
increasing internet penetration, smartphone usage, and the convenience of
e-commerce platforms, which offer consumers easy access to a wide range of
dairy products. The COVID-19 pandemic further accelerated this trend, as more
consumers turned to online shopping for their grocery needs. Dairy companies
are responding by enhancing their digital presence and partnering with online
retailers to reach a broader customer base. This shift towards online channels
is expected to continue, reshaping the region's dairy product distribution
landscape.
Based
on country, India stands as the fastest-growing region in the Asia Pacific
dairy products market, driven by its status as the world's largest milk
producer. The country's dairy sector has experienced significant growth, with a
remarkable 61% increase in milk production over eight years. This expansion is fuelled
by factors such as rising health awareness, increasing disposable incomes, and
a growing preference for nutritious, protein-rich foods. Additionally, the
increasing demand for dairy alternatives and functional dairy products further
underscores India's pivotal role in the region's dairy market growth.
Major companies
operating in the Asia Pacific Dairy Products Market are:
- Gujarat Cooperative Milk Marketing Federation Ltd.
(GCMMF)
- Yili Group
- Nestle SA
- Yakult Honsha Co., Ltd.
- Meiji Holdings Company Ltd.
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Dean Foods Company
- The Kraft Heinz Company
- Bright Dairy & Food Co., Ltd.
- Fonterra Co-operative Group Limited
Download Free Sample Report
Customers can
also request 10% free customization in this report.
“The Asia Pacific dairy products market
is experiencing dynamic trends driven by evolving consumer preferences and
regional developments. Lactose-free dairy products are gaining traction,
reflecting increased awareness of lactose intolerance and demand for dairy substitutes.
Functional dairy items, such as fortified milk and yogurt, are becoming more
popular as consumers seek products that support health and wellness.
Additionally, the rise of online retail channels is reshaping distribution
strategies, providing convenient access to a wide range of dairy offerings.
These trends highlight a shift towards health-conscious choices and digital
convenience in the region's dairy market, “Said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Asia Pacific Dairy
Products Market, By Product Type (Milk, Cheese, Butter, Dairy Desserts, Yogurt,
Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores,
Online, Others), By Country, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of Asia
Pacific Dairy Products Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the Asia Pacific
Dairy Products Market.
Contact Us-
TechSci Research LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: www.techsciresearch.com