Asia-Pacific Dairy Product Market Grow with a CAGR of 5.67% through 2030F
The Asia-Pacific Dairy Product market is
driven by rising health awareness, increasing demand for nutritious products,
and growing disposable incomes in emerging markets.
According to
TechSci Research report, “Asia-Pacific Dairy Product Market – By Country, Competition, Forecast & Opportunities, 2030F”, the Asia-Pacific
Dairy Product market stood at USD 302.44
billion in 2024 and is expected to grow USD 567.89 billion
by 2030 with a CAGR of 5.67% during the forecast period. The
growth of the Asia-Pacific Dairy Product market is driven by the growing middle-class population across the region. As
more individuals move into the middle class, their disposable incomes rise,
leading to greater demand for a wider variety of dairy products. This
demographic shift is particularly evident in countries like China, India, and
Southeast Asia, where the middle class is rapidly expanding. The increased
purchasing power of these consumers has fueled the demand for premium and
diverse dairy options, including flavored milk, yogurt, cheese, and functional
dairy products that offer additional health benefits. Also, urbanization and
lifestyle changes are contributing to the preference for convenient,
ready-to-eat dairy products. As the middle class continues to grow, the dairy
market in Asia-Pacific is expected to experience sustained expansion.
The Asia-Pacific
Dairy Product market is being driven by the innovations in dairy production and
processing to enhance product quality and variety in the Asia-Pacific dairy
market. Technological advancements in dairy farming, such as automated milking
systems, precision breeding, and improved feed formulations, are increasing
milk yield and ensuring higher-quality products. In processing, innovations
like ultra-high temperature (UHT) pasteurization, membrane filtration, and
advanced fermentation techniques extending shelf life, improving taste, and
enhancing nutritional value. Also, new processing technologies are enabling the
creation of a broader range of dairy products, including lactose-free,
reduced-fat, and fortified varieties. These innovations not only meet the
evolving consumer demands for healthier and diverse options but also help dairy
producers maintain efficiency and sustainability, fostering overall market
growth in the region.
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"Asia-Pacific Dairy Product Market”
The Asia-Pacific
Dairy Product market is segmented into product type, nature, end user,
distribution channel and country.
Based on the
distribution channel, the online segment is the fastest growing in the Asia-Pacific
Dairy Product market, driven by the increasing adoption of e-commerce across
the region. With the rise of digital platforms and mobile shopping, consumers
are increasingly purchasing dairy products online for the convenience, variety,
and competitive pricing it offers. E-commerce platforms allow consumers to
access a wide range of dairy products, including niche and premium offerings
that may not be readily available in local stores. The growing trend of home
delivery services, coupled with time-constrained lifestyles, has also
contributed to this shift toward online shopping. Also, the convenience of
online shopping is attracting younger, tech-savvy consumers who prefer to buy
products from the comfort of their homes. As online grocery shopping continues
to gain traction, this segment is expected to expand rapidly, reshaping the way
dairy products are distributed and consumed in the Asia-Pacific region.
Based on the country,
China is the fastest-growing country in the Asia-Pacific Dairy Product market, driven
by changing consumer preferences, urbanization, and rising disposable incomes.
As the country experiences rapid economic growth and a shift toward a more
westernized diet, the demand for dairy products has surged. Products such as
milk, yogurt, cheese, and ice cream are becoming increasingly popular among
Chinese consumers, particularly among younger generations. The growing
awareness of the health benefits of dairy, including its nutritional value and
high protein content, is also fueling this demand. Also, China's evolving
retail landscape, with an increase in supermarkets, hypermarkets, and online
grocery platforms, is making dairy products more accessible. The country's
expanding middle class is driving the shift towards premium and diverse dairy
offerings, including organic and fortified products. As consumer tastes
continue to evolve and the dairy industry invests in innovation and quality,
China is expected to maintain its position as the fastest-growing market in the
Asia-Pacific region.
Major companies
operating in the Asia-Pacific Dairy Product market are:
- Arla Foods amba
- Fonterra Co-Operative Group Limited
- Gujarat Cooperative Milk Marketing
Federation
- Nestle S.A.
- Danone S.A.
- Mahadev Dairy
- Dairy Craft
- Meiji Holdings Co., Ltd
- Parag Milk Foods Ltd
- Aarkay Food Products Ltd
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“The Asia-Pacific
Dairy Product market is witnessing substantial growth, owing to the rising
health consciousness across the region, as consumers become more aware of the
nutritional benefits of dairy. With increasing concerns about health, fitness,
and wellness, consumers are increasingly opting for dairy products that align
with their health goals, such as low-fat, high-protein, and fortified options.
Products like probiotic yogurt, lactose-free milk, and plant-based dairy
alternatives are gaining popularity as consumers seek healthier and more
digestible options.The growing awareness about bone health, immunity, and gut
health is also contributing to the rise in demand for dairy products that are
rich in calcium, vitamins, and probiotics. Also, there is a growing preference
for organic dairy products, as health-conscious consumers seek food with fewer
chemicals and additives. As more consumers prioritize wellness and balanced
diets, the Asia-Pacific dairy market is experiencing a shift towards products
that offer both health benefits and convenience. This trend is expected to
continue fueling growth in the region.,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
"Asia-Pacific Dairy
Product Market, By Product Type (Butter, Cheese, Cream,
Dessert, Yogurt, Others), By Nature (Organic, Regular), By End User
(Residential, Commercial), By Distribution Channel (Supermarket &
Hypermarket, Convenience Stores, Specialty Stores, Online, Others), By Country, Competition, Forecast
& Opportunities, 2020-2030F”,
has evaluated the future growth potential of Asia-Pacific Dairy Product 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 Product market.
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