China Yogurt Market to Grow at a CAGR of over 6.47% in the Next Five Years
China Yogurt Market to be driven by the large population and increasing
reach of online channels in the fresh dairy segment across China in the
forecast period.
According to TechSci
Research report, “China
Yogurt Market, By Type (Non-Flavored, Flavored), By Fat Content (Regular, Low
Fat, Fat-Free), By Form (Conventional Yogurt, Set Yogurt, Greek Yogurt, Frozen
Yogurt, Yogurt Drinks and Others), By Packaging (Pouches, Plastic Bottles, Tetra
Packs and Others), By Distribution Channel (Convenience
Stores, Independent Small Grocers, Supermarket/Hypermarket, Online Channel), By
Region, Competition, Forecast & Opportunities, 2026”, China is the largest consumer of yogurt in the Asia Pacific
region and is expected to reach approximately USD30 billion by the end of the
forecast period. Yogurt market in China is driven by the large population and increasing
incidence of lactose intolerance among the Chinese population. Furthermore,
increasing demand for flavored yogurts such as almond and honey will drive the
yogurt market in China. However, honey yogurt is already used in traditional cuisines
in Beijing and this is expected to boost the yogurt market in China.
Furthermore, increasing demand for yogurt made from soy milk, coconut milk,
cow’s milk and sheep milk is in demand among Chinese consumers. Also, sports
coaches and health professionals in China are also recommending the consumption
of cow’s milk yogurt by athletes to strengthen the body and develop muscle mass
faster. All these health benefits of yogurt are expected to further lead to optimistic
growth in the China Yogurt Market during the forecast period.
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China Yogurt Market is further segmented into type, fat
content, form, packaging, distribution channel
and region. On the basis of type the China Yogurt Market is fragmented into
flavored and non flavored yogurt. In the base year 2020, the flavored type
yogurt held the market share of 83.45% in the China Yogurt Market, which was majorly
driven by the increasing product offering by the companies in different type of
flavored yogurt segment and yogurt drink segment.
Further, China Yogurt Market is segmented based on the fat
content comprising of regular, low fat and fat free yogurt. In the base year
2020, regular type of yogurt held the largest market share of 63.54% in China
Yogurt Market due to its low price and easy visibility on the shelves and
online platforms. However, consumers in China are now showing preference for low
fat and fat free yogurt types due to the increasing western influence and their
enhanced benefits over regular yogurt.
On the basis of packaging
type, China Yogurt Market can be divided into pouches, tetra packs, plastic
bottles, and others. In the base year 2020, plastic bottles and Others segment together
held 80.27% market share in the China Yogurt Market, which is majorly driven by
the higher consumption of yogurt drinks and availability of various yogurt
flavors in small cup size. consumers in China also prefer yogurt as an on the
go drink which can be consumed anytime and anywhere.
Based on the distribution channel China Yogurt Market
is segmented into convenience stores, independent small grocers, supermarket/hypermarket
and online. In the base year 2020, convenience stores held the largest market
share of 47.74% in the China Yogurt Market because of the intense reach of the local
stores among Chinse consumers as they prefer to buy fresh dairy at the trusted
and nearby stores. Furthermore, the online segment is the fastest growing mode
of buying among the Chinese consumers due to the increasing reach of
traditional e-commerce channels like Tmall, Taobao, and JD. Also, availability
of various yogurt varieties, discounts, fast delivery, and better marketing
techniques on social media platforms such as WeChat by the leading companies is
expected to further drive the China Yogurt Market in the forecast period.
Some of the leading companies in the China Yogurt
Market include Inner Mongolia
Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited., Bright
Dairy & Food Co. Ltd., Xinjiang Tianrun Dairy Company Limited., Shijiazhuang
Junlebao Dairy Co., Ltd., Beijing Sanyuan Foods Co., Ltd., Haocaitou Fujian
Food Co., Ltd., Huaxia Dairy Farm Ltd., Nestle China Ltd., Kowloon
Dairy Limited and other local
and international players.
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“China
Yogurt Market is already a huge market and still growing due to increasing
population and business expansion by national and international companies.
Chinese consumers are more experimental in their eating preferences and are opting
for different types of yogurts. This is likely to further propel growth in the
China Yogurt Market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“China Yogurt Market , By Type (Non-Flavored, Flavored),
By Fat Content (Regular, Low Fat, Fat-Free), By Form (Conventional Yogurt, Set
Yogurt, Greek Yogurt, Frozen Yogurt, Yogurt Drinks and Others), By Packaging
(Pouches, Plastic Bottles, Tetra Packs and Others), By Distribution Channel
(Convenience Stores, Independent Small Grocers, Supermarket/Hypermarket, Online
Channel), By Region, Competition, Forecast & Opportunities, 2026” has
evaluated the future growth potential of China Yogurt Market and provides statistics and information on
market structure, size, share and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in China Yogurt Market.
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